State Street Global Advisors (SSGA) has launched a new SPDR SSGA Risk Aware ETF that trades on the NYSE Arca.
The new fund will be actively managed by SSGA’s Active Quantitative Equity Group and will enable investors to manage risk-on and risk-off market cycles.
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Adopting the firm’s proprietary quantitative market risk measurement model, the SPDR SSGA Risk Aware ETF has an annual expense ratio of 0.50%.
SSGA said that the risk measurement model will identify, quantify and benefit from risk factors moving the markets at any given point of time.
In times of anticipated high risk, the ETF may increase exposure to large cap and / or value companies and may increase exposure to small cap and / or growth companies during periods of anticipated low risk.
However, during periods of moderate risk, the portfolio will more closely reflect the broader US equity market and will have greater exposure to midcap companies.
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By GlobalDataScott Ebner, senior managing director and global head of product development and research at SSGA, said; "The SPDR SSGA Risk Aware ETF is targeted at providing investors an innovative solution for capitalizing on risk-on and risk-off fluctuations in the US equity market."
