RevenueShares, the ETF provider behind a lineup of six
revenue-weighted funds, has filed paperwork with regulators to add
to its roster, one focused on emerging markets and the other honing
in on dividend stocks, as it looks to get a piece of two of the
most vibrant pockets of the investment world.
The filing comes just days after the firm announced it was
partnering up with a Chinese private equity group in an effort to
ramp up its marketing, sales and offerings lineup here in the U.S.,
and ultimately in China as well.
RevenueShares, which launched its first ETFs five years ago,
today manages just under $600 million in its existing six ETFs, but
is committed to ramping up its footprint in the growing ETF
By registering funds focused on dividends and the developing
world, the firm is signaling it wants to take its brand of
fundamentally indexed ETFs to two of the most prospective areas in
investing. The low-rate environment has led many ETF sponsors to
bring out payout-rich equity funds, just as expected outsized
growth in emerging markets has led fund sponsors to target such
countries, far and wide.
The planned funds are also revenue-weighted strategies-the
approach the firm is known for. Its largest ETF is the
RevenueShares Large Cap ETF (NYSEArca:RWL), which has more than
$184 million in assets.
The RevenueShares Emerging Market Fund will be a
revenue-weighted portfolio of securities that looks to outperform
the BNY Mellon Emerging Markets 50 ADR Index, according to the
filing. It will have annual expense ratio of 0.49 percent, or $49
per $10,000 invested, which includes a fee waiver.
The RevenueShares Ultra Dividend Fund will comprise equities
from 60 companies that have shown the highest average quarterly
dividend yields in the previous year, and weights these securities
by revenue. The portfolio ultimately seeks to outperform the total
return performance of the S&P 900 index. It, too, has net
annual fees of 0.49 percent.
Both ETFs cap individual company exposure at 10 percent of the
portfolio and rebalance quarterly.
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