SPMO tries to reflect the performance of the S&P 500 Momentum Index, which is comprised of 100 high momentum S&P 500 components.
SPVU tracks the S&P 500 Enhanced Value Index, which focuses on 100 S&P 500 companies with the greatest value score calculated based on fundamental ratios of a company’s book value-to-price ratio, earnings-to-price ratio and sales-to-price ratio.
FXEP follows the S&P EPAC Ex. Korea Low Volatility USD Hedged Index, which provides investors with exposure to developed markets while hedging against a depreciating foreign currencies and a focus on stocks with the least volatility.
FXJP reflects the performance of the S&P Japan 500 Low Volatility USD Hedged Index, which targets the least volatile stocks from the S&P Japan 500 Index and hedges against potential currency risks from a depreciating yen currency.
“Factor based indices continue to increase in popularity for investors who seek alternatives to traditional market-cap weighted indices,” Vinit Srivastava, Senior Director of Strategy Indices at S&P Dow Jones Indices, said in the press release.
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.