Vident Financial shifts ETF suite to NYSE Arca

Feb 23rd, 2018 | By | Category: Alternatives / Multi-Asset

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Vident Financial has changed the primary listing venue across all Vident ETFs from Nasdaq to NYSE Arca.

Vident Financial shifts ETF suite to NYSE Arca

Vident Financial has shifted its ETF suite over NYSE Arca

The funds involved include the Vident International Equity ETF (VIDI US), the Vident Core US Equity ETF (VUSE US), the Vident Core US Bond Strategy ETF (VBND US) and the Weatherstorm Forensic Accounting Long-Short ETF (FLAG US).

VIDI tracks the Vident Core International Equity Index, which provides exposure to globaly equities excluding the US. The index balances risk across developed and emerging economies and seeks to emphasise countries with favourable conditions for growth through an analysis of macroeconomic factors.

The index currently has its greatest exposure to Germany (7.8%), Thailand (7.5%), Japan (7.2%) and South Korea (7.2%). The ETF has accumulated $695 million in assets under management (AUM) since its inception in October 2013. Its management fee is 0.68%.

VUSE tracks the Vident Core US Equity Index, which is comprised of approximately 500 US equities across small, medium and large-cap ranges. The index uses a principles-based approach to assess each company’s risk factors, including their expense recognition, financial reporting and corporate governance.

The ETF has produced an annualised return of 21.2% since it first started trading in January 2014. It currently has $510m in AUM and a management fee of 0.55%.

VBND tracks the Vident Core US Bond Strategy Index. The index looks to diversify interest and credit rate risks by broadening its exposures across US fixed income sectors, including high-yield corporates and treasury inflation-protected securities (TIPS). The methodology furthermore screens the broad US debt universe for companies with strong leadership, governance and creditworthiness. The ETF currently has $478m in AUM and a management fee of 0.45%.

FLAG is actively managed and applies forensic financial statement analysis to avoid companies with aggressive revenue recognition while investing in companies with high earnings quality. It applies these principles to a universe of 500 large-cap stocks in an effort to “red-flag” companies with accounting or performance issues and exclude them from the mix. The fund is the smallest in the Vident line-up with $21m in AUM. Its management fee is 1.15%. Since inception in January 2013, the fund has returned 15.0% on an annualised basis.

Vince Birley, CEO of Vident Financial, said, “At Vident, we are continuously evaluating ways to more effectively promote and deliver our expertise to the widest range of investors as possible.”

The ETFs have retained their ticker symbols following the exchange transition. Current shareholders in VIDI, VUSE, VBND, and FLAG are not required to take any actions as a result of this change.

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