Last August, the firm added its fourth ETF, the Compass EMP U.S. Discovery 500 Enhanced Volatility Weighted Index ETF (NasdaqGM: CSF). [Compass EMP Adds Fourth ETF]
The ability to move to cash is a hallmark of several of Compass’ other ETF offerings. As stocks rebound from that hypothetical decline, the ETFs’ underlying indices begin reducing cash and adding equity exposure, providing investors with the advantages of dollar-cost averaging. [Compass EMP Enters ETF Arena With Three Unique Funds]
The “seeks to provide investment results that track the performance of the CEMP US Small Cap High Dividend 100 Volatility Weighted Index before fees and expenses. The Index is a passive index and generally consists of the common stock of the 100 highest dividend yielding stocks of the CEMP U.S. Small Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation,” according to Compass.
ETF Trends editorial team contributed to this post.