Novia launches duo of smart beta portfolios for UK advisers

The platform provider has partnered with US ETF specialist First Trust Advisors and US-based momentum strategists Dorsey, Wright & Associates to create the portfolios. They will be available from 14 March and have a risk rating of 10 for adventurous investors. The Copia First Trust Smart Beta portfolio is made up of FTA's AlphaDEX® smart beta ETFs. These use the AlphaDEX® methodology, which selects and weights stocks based on investment merit, as opposed to size. Copia then employs a quantitatively-driven country rotation, alongside a partial risk-rotation strategy, to determine the o...