VTL Associates, the parent company of RevenueShares, a US-based sponsor of exchange-traded funds (ETFs), has received an injection of capital from Suzhou Industrial Park Kaida Venture Capital, a Chinese venture capital firm.

RevenueShares will use the investment to add to its product line-up and expand its staff and marketing efforts.

The investment will be used to support the expansion of RevenueShares, which is known for its line-up of revenue-weighted ETFs.

In addition to new products, RevenueShares will expand its staff and marketing efforts for the firm’s six existing ETF products.

Vince Lowry, chairman of VTL Associates, said: “Both VTL and Suzhou Industrial Park Kaida Venture Capital believe the revenue-weighted investment approach will gain rapid acceptance globally as research on fundamental indexing continues to demonstrate its efficacy.”

Yulong Wang, chairman of Suzhou Industrial Park Kaida Venture Capital, added: “Revenue-weighted ETFs are an effective way to reduce potential investor loss to the lowest level during economic downturns, and yet capture market gains in a flourishing economy. I trust VTL’s management team and its revenue-weighted ETF products and look forward to making an impact on the ETF market globally.”

Launched in 2008, RevenueShares is the only ETF sponsor that uses top-line company revenue as the sole means of weighting S&P indexes.

The firm’s current ETF line-up includes:

RevenueShares Large Cap ETF (RWL)

RevenueShares Mid Cap ETF (RWK)

RevenueShares Small Cap ETF (RWJ)

RevenueShares Financials Sector ETF (RWW)

RevenueShares ADR ETF (RTR)

RevenueShares Navellier Overall A-100 ETF (RWV)

(All listed on the NYSE Arca).