Nationwide launched a new strategic beta ETF on Tuesday that seeks to deliver higher risk-adjusted returns relative to market cap-weighted strategies by creating a more diversified risk allocation aimed at capturing the full equity risk premium.

The Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE) is the latest Strategic Beta ETF since Nationwide launched three others in 2017.

“The Nationwide Maximum Diversification Emerging Markets Core Equity ETF seeks to identify the exact combination of stocks within the emerging markets universe that will maximize the diversification benefits of a portfolio while retaining the full equity risk premium,” Chris Graham, chief investment officer for Nationwide Funds, said.

Related: The Many Flavors of Emerging Markets Equity ETFs

Like the Nationwide Maximum Diversification U.S. Core Equity ETF (MXDU) launched last year, the Nationwide Maximum Diversification Emerging Markets Core Equity ETF (MXDE) seeks to deliver higher risk-adjusted returns relative to market cap-weighted strategies by creating a more diversified risk allocation aimed at capturing the full equity risk premium.

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