New ETF Seeks to Provide Risk-Aware, High
Income Approach to Investing in Emerging Markets
Victory Capital announced that it has launched the VictoryShares
Emerging Market High Div Volatility Wtd ETF (CEY), which began
trading on the Nasdaq Stock Market® today. The new ETF offers
exposure to high dividend-yielding emerging market stocks and seeks
to provide investment results that track the performance of the
CEMP Emerging Market High Dividend 100 Volatility Weighted Index,
before fees and expenses.
The CEMP index methodology combines fundamental criteria and
volatility weighting in an effort to outperform traditional
cap-weighted indexing strategies. Rather than weighting stocks by
size, which results in concentration in the largest companies in
the index, the CEMP methodology weights stocks based on volatility
(standard deviation over the past 180 trading days). The goal is to
offer investors a more balanced approach to achieving broad market
exposure. To be included in the index, a company must have been
profitable over the past four quarters.
“Investors seeking income now have the option to further
diversify their portfolios with dividend-yielding emerging market
stocks,” said Mannik Dhillon, President, VictoryShares and
Solutions. “With many emerging market companies currently
out-yielding their U.S. counterparts, we believe it’s an
appropriate time to consider a risk conscious, tax efficient
approach to investing in high income-producing emerging market
equities.”
The VictoryShares platform includes 14 strategic beta ETFs, 12
of which use a volatility weighted approach. VictoryShares’ three
inaugural volatility weighted ETFs achieved their three-year track
record in July 2017 and have earned 5-Star Overall Morningstar
RatingsTM in their respective categories as of September 30, 2017.
The three inaugural ETFs are:
- VictoryShares US 500 Volatility Wtd ETF
(CFA)
- VictoryShares US 500 Enhanced
Volatility Wtd ETF (CFO)
- VictoryShares US EQ Income Enhanced
Volatility Wtd ETF (CDC)
“We believe the simplicity and efficacy of our volatility
weighted methodology has resonated with investors and contributed
to AUM growth of approximately 107% for our VictoryShares ETF
platform year-to-date,”* said Dhillon. “We are excited to offer our
clients another solution designed to help them achieve their
investment goals while managing risk.”
ABOUT VICTORYSHARES
VictoryShares is a specialist ETF provider with a focus on
rules-based solutions that seek to bridge the gap between active
and passive. The VictoryShares ETF product line includes single-
and multi-factor strategies designed to seek a variety of outcomes,
including maximum diversification, dividend income, and downside
mitigation. The VictoryShares ETF platform has grown to
approximately $1.9 billion in AUM as of September 30, 2017. Visit
www.victoryshares.com for more information.
ABOUT VICTORY CAPITAL
Victory Capital is an integrated multi-boutique asset management
firm, headquartered in Cleveland, Ohio. As of September 30, 2017,
the firm had approximately $59 billion in assets under management
and advisement.
Victory Capital is comprised of 10 autonomous investment
franchises, each with an independent culture and investment
approach. The franchises are supported by a robust distribution and
operational platform, allowing them to focus solely on investment
management.
Victory Capital provides investment advisory services to
institutional clients including corporations, non-profits, public
funds, Taft-Hartley and sub-advisory clients through separate
accounts and commingled funds. Through its intermediary channel,
Victory Capital also offers retail and retirement clients mutual
funds and ETFs as well as separately managed accounts through wrap
fee programs and access to its investment models through unified
managed accounts. For more information, please visit
www.vcm.com.
*As of September 30, 2017
Past performance does not guarantee future results. The
performance data quoted represents past performance and current
returns may be lower or higher. The investment return and principal
value will fluctuate so that an investor’s shares, when redeemed,
may be worth more or less than the original cost. To obtain
performance information current to the most recent month-end,
please call the Fund at 1-866-376-7890. ETF shares are bought and
sold at market price (not NAV) and are not individually redeemed
from the Fund. The market price used to calculate the Closing
Market Price is the last trade as of the time that the Fund’s NAV
is calculated. If you trade your shares at another time, your
return may differ. Index performance is shown for illustrative
purposes only. The CEMP Emerging Market High Dividend 100
Volatility Weighted Index is a volatility weighted index that
follows a rules-based methodology. The Index consists of the
highest 100 dividend-yielding stocks in the CEMP Emerging Market
500 Volatility Weighted Index, an index comprised of the 500
largest emerging market companies by market capitalization with
positive earnings in each of the four most recent quarters. The
stocks are weighted based on their daily standard deviation
(volatility) of daily price changes over the last 180 trading
days. It is not possible to invest directly in an unmanaged
index.
An investor should consider the fund’s investment objectives,
risks, charges and expenses carefully before investing or sending
money. This and other important information about the fund can be
found in the fund’s prospectus, or, if applicable, the summary
prospectus. To obtain a copy, visit
www.victorysharesliterature.com or call 1.866.376.7890.
Read the prospectus carefully before investing.
Investing involves risk, including the potential loss of
principal. The fund has the same risks as the underlying
securities traded on the exchange throughout the day. There is no
guarantee that dividends will be paid. The value of the equity
securities in which the fund invests may decline in response to
developments affecting individual companies and/or general economic
conditions. You may lose money by investing in the fund. There is
no guarantee that the funds will achieve their objectives.
Standard deviation is a statistical measure of
volatility and is often used as an indicator of risk. International
investing involves special risks, which include changes in currency
rates, foreign taxation and differences in auditing standards and
securities regulations, political uncertainty and greater
volatility. The risks associated with investing in foreign
securities are increased in connection with investments in emerging
markets securities.
As of 09/30/2017, CFA and CFO were rated against 1218 funds
in the Morningstar Large Blend Category for the Overall and 3-year
periods and received 5 star ratings, respectively. CDC was rated
against 1108 funds in the Morningstar Large Value category for the
Overall and 3-year periods and received 5-star ratings,
respectively.
The Morningstar RatingTM for funds, or "star rating", is
calculated for managed products (including mutual funds, variable
annuity and variable life subaccounts, exchange-traded funds,
closed-end funds, and separate accounts) with at least a three-year
history. Exchange-traded funds and open-ended mutual funds are
considered a single population for comparative purposes. It is
calculated based on a Morningstar Risk-Adjusted Return measure that
accounts for variation in a managed product's monthly excess
performance, placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of products in each
product category receive 5 stars, the next 22.5% receive 4 stars,
the next 35% receive 3 stars, the next 22.5% receive 2 stars, and
the bottom 10% receive 1 star. The Overall Morningstar Rating for a
managed product is derived from a weighted average of the
performance figures associated with its three-, five-, and 10-year
(if applicable) Morningstar Rating metrics. The weights are: 100%
three-year rating for 36-59 months of total returns, 60% five-year
rating/40% three-year rating for 60-119 months of total returns,
and 50% 10-year rating/30% five-year rating/20% three-year rating
for 120 or more months of total returns. While the 10-year overall
star rating formula seems to give the most weight to the 10-year
period, the most recent three-year period actually has the greatest
impact because it is included in all three rating periods. © 2017
Morningstar, Inc. All Rights Reserved. The information contained
herein: (1) is proprietary to Morningstar; (2) may not be copied or
distributed; and (3) is not warranted to be accurate, complete or
timely. Neither Morningstar nor its content providers are
responsible for any damages or losses arising from any use of this
information. Past performance is no guarantee of future
results.
VictoryShares ETFs are distributed by Foreside Fund Services,
LLC., member FINRA and SIPC. Victory Capital Management Inc., not
an affiliate of Foreside Fund Services, LLC., is the investment
advisor to the Funds.
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version on businesswire.com: http://www.businesswire.com/news/home/20171026005402/en/
For Victory CapitalRyan Hoffman,
720-726-5433VictoryPR@wearecsg.com
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