Investors who like to trade exchange traded funds linked to volatility are going to get more to choose from today.
Compass EMP will list three new ETFs on Wednesday, July 2. The three are Compass EMP U.S. 500 Volatility Weighted Index ETF (CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (CDC.)
CFA, CFO and CDC, begin trading on Nasdaq tomorrow.
The CFA Fund finds investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The CFA Index is a passive broad market index consisting of the common stock of the 500 largest U.S. based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility).
CFO looks for investment results that correlate with the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap 500 Long/Cash Volatility Weighted Index (the “CFO Index”). The CFO Index is a passive broad market index consisting of the common stock of the 500 largest U.S. based companies with four quarters of positive earnings weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
CDC seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the CEMP U.S. Large Cap High Dividend 100 Long/Cash Volatility Weighted Inde. The CDC Index is a passive index and generally consists of the common stock of the 100 highest dividend yielding stocks of the CEMP U.S. Large Cap 500 Volatility Weighted Index. The index securities are then weighted based on their daily standard deviation (volatility). The index has the ability to liquidate up to 75% of the securities to cash in the event of a market decline.
Compass EMP Funds was co-founded in 1996 and is a Registered Investment Advisor with the SEC. Compass EMP Funds manages sixteen volatility weighted index based mutual funds and offers globally diversified investment portfolios to institutions, financial advisors and their clients.
