Boston-based FFCM has unveiled four market-neutral ETFs. QuantShares is a group of seven market-neutral exchange-traded funds based on momentum, quality, size, value and beta. The ETFs are market-neutral and dollar-neutral, providing investors strategies uncorrelated to the performance of the complete equity market. Three of the remaining ETFs will be launched next week.
The newly launched funds include the QuantShares U.S. Market Neutral Momentum Fund and the QuantShares U.S. Market Neutral Anti-Momentum Fund. Dow Jones Indexes is the index provider. Credit Suisse is a prime broker along with J.P. Morgan, which will also offer custody and fund administration services. Foreside Funds Services will market QuantShares.
Click here for the release from Market Wire.