On Wednesday, State Street Corporation (NYSE: STT) launched a new actively managed ETF designed to shift its holdings in response to sophisticated risk analysis.
The SPDR SSGA Risk Aware ETF (NYSE: RORO) is managed by State Street Global Advisors Quantitative Equity Group using a proprietary model for measuring market signals.
This ETF will charge an expense ratio of 0.50 percent and will strive to outperform its stated benchmark in the iShares Russell 3000 ETF (NYSE: IWV). The quantitative analysis employed by the management team will dynamically allocate to a subset of stocks that align with the current risk profile of the market.
As conditions change ...
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