On Wednesday, Spa ETF Europe, a provider of enhanced Exchange Traded Funds (ETFs), has gone live with its website www.spa-etf.com. The website will provide private and institutional investors access to corporate and product background information and research and analysis on the company's fundamental, enhanced ETFs, based on MarketGrader, its set of US equities-focused indices.
www.spa-etf.com has been launched in time for the upcoming introduction of its first set of ETFs in the UK. Spa's ETFs will track the performance of US stock indices created by the MarketGrader quant-based methodology. The MarketGrader fundamental indices utilise 24 fundamental filters and equally weight all securities. Its specific diversification rules are designed to avoid the pricing anomalies that arise out of traditional market-cap based indices, says the firm.