Copia Capital Management, the discretionary fund manager of Novia group, has unveiled two new smart beta ETF portfolios to target the UK advisor market.
The fund manager has teamed up with US ETF specialist First Trust Advisors (FTA) and US-based momentum strategists Dorsey, Wright & Associates (DWA) to launch these portfolios.
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The two portfolios namely the Copia First Trust Smart Beta portfolio and the Copia Dorsey Wright Smart Beta portfolio will provide a quantitatively driven tactical asset allocation overlay with asset classes populated using Smart Beta ETFs.
The portfolios, which are risk rated 10 for adventurous investors, will be available from 14 March 2016 via the Novia Platform.
The Copia First Trust Smart Beta portfolio will charge a fee of 0.3% plus VAT and First Trust TER of 0.5%, while the Copia Dorsey Wright Smart Beta portfolio will have a fee of 0.55% plus VAT and a First Trust TER of 0.55%.
The Copia First Trust Smart Beta portfolio comprises of FTA’s AlphaDEX ETFs, which selects stocks based on their based on investment merit rather than size. The strategy aims to identify stocks within a traditional broad-based index which exhibit the fundamental characteristics likely to provide the greatest potential for capital appreciation.
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By GlobalDataAdditionally, the Copia Dorsey Wright Smart Beta portfolio will use an overlay of DWA technical analysis and fully invest in equity ETFs. The portfolio will primarily use First Trust AlphaDEX ETFs.
Novia Financial CEO Bill Vasilieff said: "Both First Trust and Dorsey Wright have tremendous proven track records in their markets and are leaders in their fields. We are keen to build on the success of the existing Copia model range and the addition of these new models is recognition of the performance that smart beta can generate."
DWA vice president Jay Gragnani said: "Entering the UK market in this capacity is a new frontier for us, and we are very fortunate to be working with Copia to bring these strategies to the Financial Advisory community in the UK."
