SPA ETF launches three exchange traded funds

Spa’s MarketGrader 40, MarketGrader 100 and MarketGrader 200 ETFs will track indices from research provider MarketGrader and aim to outperform major US indices by selecting stocks based on analysis of key company fundamentals. David Shrimpton, head of product management and development at the LSE, said: “This series of ETFs from Spa ETF Plc marks a significant development in the UK ETF marketplace, presenting the growing number of investors interested in using ETFs with a new opportunity to outperform the major market capitalisation based indices, while still retaining the low cost dive...