Victory Capital, the company behind the CEMP franchise of exchange traded funds, is rebranding the CEMP under the VictoryShares name.
“In addition to its 11 existing ETFs, Victory plans to launch new ETFs that will track indexes developed in partnership with Nasdaq. Victory today filed initial registration statements for the new ETFs with the Securities and Exchange Commission with the expectation that the ETFs will begin to launch in Q2 2017,” according to a statement issued last week by Ohio-based Victory Capital.
ETFs such as the Victory CEMP US 500 Volatility Wtd Index ETF (NasdaqGM: CFA), Victory CEMP US Small Cap Volatility Wtd Index ETF (NasdaqGM: CSA), Victory CEMP US 500 Enhanced Volatility Wtd Index ETF (NasdaqGM: CFO) and the Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF (NasdaqGM: CDC) will replace Victory CEMP in their names with VictoryShares. A complete list of the name changes can be seen here.
CFA tracks the CEMP U.S. Large Cap 500 Volatility Weighted Index, which ” is a passive broad market index consisting of the common stock of the 500 largest U.S. based companies with four quarters of positive earnings weighted based on their daily standard deviation.”