Many are familiar with USAA investment management company as a historied financial planner that has helped out millions of people, and now, the money manager has adapted its years of experience into exchange traded fund strategies.
USAA has already invested over $6 billion into ETF-related products in constructing diversified investment portfolios and pairing the ETFs with other types of products.
Through their hands-on experience with investing in ETFs, the company has stepped out with their own ETF products, including USAA Core Short-Term Bond ETF (NYSEArca: USTB), USAA Core Intermediate-Term Bond ETF (NYSEArca: UITB), USAA MSCI USA Value Momentum Blend Index ETF (NYSEArca: ULVM), USAA MSCI USA Small Cap Value Momentum Blend Index ETF (NYSEArca: USVM), USAA MSCI International Value Momentum Blend Index ETF (NYSEArca: UIVM) and USAA MSCI Emerging Markets Value Momentum Blend Index ETF (NYSEArca: UEVM).
“We found that there was opportunities in the market. We thought we could take our expertise and experience and bring a new product to market to build core diversified portfolios,” Lance Humphrey, Portfolio Manger for USAA, said at the Charles Schwab Impact Conference.