Making its debut on 06/13/2007, smart beta exchange traded fund Invesco Global Water ETF (PIO) provides investors broad exposure to the Industrials ETFs category of the market.What Are Smart Beta ETFs?The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low- ...

Designed to provide broad exposure to the Health Care ETFs category of the market, the Invesco S&P 500 Equal Weight Health Care ETF (RSPH) is a smart beta exchange traded fund launched on 11/01/2006.What Are Smart Beta ETFs?For a long time now, the ETF industry has been flooded with products based on market capitalization weighted indexes, which are designed to represent the broader market or a particular market segment.A good option for investors who believe in market efficiency, market cap weighted indexe ...

Launched on 10/21/2015, the SPDR Portfolio S&P 500 High Dividend ETF (SPYD) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Value category of the market.What Are Smart Beta ETFs?Market cap weighted indexes were created to reflect the market, or a specific segment of the market, and the ETF industry has traditionally been dominated by products based on this strategy.A good option for investors who believe in market efficiency, market cap weighted indexes offer a low- ...

Core Insights - The WisdomTree International Hedged Quality Dividend Growth ETF (IHDG) is designed to provide broad exposure to developed market companies while neutralizing currency fluctuations against the U.S. dollar [1][6] - The fund has amassed over $2.4 billion in assets, making it one of the larger ETFs in the Broad Developed World ETFs category [5] - The ETF has an annual operating expense ratio of 0.58% and a 12-month trailing dividend yield of 2.62% [7] Fund Management and Strategy - Managed by WisdomTree, IHDG seeks to match the performance of the WisdomTree International Hedged Quality Dividend Growth Index [5] - The ETF employs a smart beta strategy, focusing on stock selection based on fundamental characteristics to enhance risk-return performance [3][4] Performance Metrics - The ETF has a return of approximately 5.06% and has increased by about 5.36% year-to-date as of August 11, 2025 [10] - IHDG has a beta of 0.72 and a standard deviation of 14.06% over the trailing three-year period, indicating medium risk [11] Holdings and Sector Exposure - The fund's top 10 holdings account for approximately 123.65% of its total assets under management, with the U.S. dollar comprising about 87.4% of total assets [8][9] - The ETF's diversified nature helps minimize single stock risk, with around 300 holdings [11] Alternatives and Market Position - IHDG may not be suitable for investors seeking to outperform the Broad Developed World ETFs segment, with alternatives like iShares Core Dividend Growth ETF (DGRO) and Vanguard Dividend Appreciation ETF (VIG) available [12][13] - DGRO has $32.82 billion in assets and an expense ratio of 0.08%, while VIG has $93.56 billion and an expense ratio of 0.05% [13]

Making its debut on 11/08/2017, smart beta exchange traded fund John Hancock Multifactor Small Cap ETF (JHSC) provides investors broad exposure to the Style Box - Small Cap Blend category of the market.What Are Smart Beta ETFs?The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.Investors who believe in market efficiency should consider market cap indexes, as they replicate market returns in a low-c ...

Core Insights - The Invesco RAFI Emerging Markets ETF (PXH) is a smart beta ETF that debuted on September 27, 2007, providing broad exposure to the emerging markets category [1] - PXH is managed by Invesco and has accumulated over $1.54 billion in assets, making it one of the larger ETFs in the Broad Emerging Market ETFs segment [5] - The fund aims to match the performance of the FTSE RAFI Emerging Markets Index, which selects equities based on fundamental measures such as book value, cash flow, sales, and dividends [6] Fund Characteristics - The ETF has an annual operating expense ratio of 0.47%, which is competitive within its peer group, and a 12-month trailing dividend yield of 3.40% [7] - The top holdings include Taiwan Semiconductor Manufacturing Co Ltd (6.04% of total assets), Alibaba Group Holding Ltd, and China Construction Bank Corp, with the top 10 holdings accounting for approximately 29.85% of total assets [8][9] Performance Metrics - Year-to-date, PXH has increased by about 19.06%, and it was up approximately 25.26% over the last 12 months as of August 11, 2025 [10] - The ETF has a beta of 0.57 and a standard deviation of 17.81% over the trailing three-year period, indicating a medium risk profile [11] Alternatives in the Market - Other ETFs in the emerging markets space include Vanguard FTSE Emerging Markets ETF (VWO) with $94.77 billion in assets and iShares Core MSCI Emerging Markets ETF (IEMG) with $100.39 billion in assets, both of which have lower expense ratios of 0.07% and 0.09% respectively [13]

Making its debut on 11/01/2006, smart beta exchange traded fund Invesco S&P 500 Equal Weight Utilities ETF (RSPU) provides investors broad exposure to the Utilities/Infrastructure ETFs category of the market.What Are Smart Beta ETFs?Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.A good option for investors who believe in market efficiency, market cap weighted in ...

——海外创新产品周报 20250811 相关研究 证券分析师 沈思逸 A0230521070001 shensy@swsresearch.com 邓虎 A0230520070003 denghu@swsresearch.com 联系人 沈思逸 (8621)23297818× shensy@swsresearch.com 权 益 量 化 研 究 2025 年 08 月 11 日 贝莱德发行国际版本因子轮动 ETF 证 券 研 究 报 告 请务必仔细阅读正文之后的各项信息披露与声明 本研究报告仅通过邮件提供给 中庚基金 使用。1 ETP 研 究 - ⚫ 美国 ETF 创新产品：贝莱德发行国际版本因子轮动 ETF。上周美国共 15 只新发产品，发 行较为平稳，策略多元化明显。随着贝莱德因子轮动策略的成功以及跨境投资需求的增长， 贝莱德上周发行国际版本的因子轮动 ETF，该产品同样关注质量、价值/成长、市值、低波、 动量五大类因子，根据贝莱德持续优化的模型进行因子的偏离。此外，Defiance 上周还发 行一只做多波动率的产品，由 0.75-1 倍的 VIX 指数期货和 1.5-2 倍的标普 500 空头组成， 为投 ...

业绩表现上来看，富时现金流指数的长期业绩突出，以全收益指数（含分红收益）计算，基日 （2013年12月31日）以来，截至7月22日，富时现金流指数累计涨幅达624.37%，显著高于沪深300的 133.67%的和中证红利的624.37%，连续 9 年跑赢中证红利指数。 今日，现金流ETF（159399）官宣第6次分红，本次分红比例为0.25%，权益登记日为8月13日，现 金红利发放日为8月18日。 现金流ETF（159399）是以自由现金流作为选股因子的Smart Beta ETF，紧密跟踪富时中国A股自由 现金流聚焦指数，剔除金融和地产行业，优选自由现金流率最高的50只股票，为投资者筛选出了一批 A 股市场中的 "现金牛" 企业，为长期投资收益奠定了坚实基础。 注：根据本次收益分配方案，分红基准日为2025年8月1日，本月分红0.25%指每份额分红0.0026元/ 基准日基金份额净值 1.0562的比例，具体详基金分红公告。指数/基金短期涨跌幅及历史表现仅供分析 参考，不预示未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数 仅供参考，不构成任何投资建议，也不构成对基金业绩的预测 ...

专题：财富启新程 湾区共潮生 2025招商银行财富合作伙伴论坛 8月7日金融一线消息，招商银行在深举办"财富启新程 湾区共潮生——2025财富合作伙伴论坛"，头部基金、理财、保险、私募机构齐聚粤港澳大湾区，共 商大财富管理高质量发展新征程。 在实践中怎么做到呢？主观上要重视控制回撤，客观上要在投资中做好择时，要灵活调整仓位，这样操作下来，希望能够实现Smart Alpha，给投资人带来 绝对收益的体验。 以下为演讲实录： 王庆：尊敬的王良行长、王颖副行长，尊敬的各位嘉宾，大家下午好！ 今天我想学学老外先讲一个故事。今天作为私募代表站在这里，一个很重要的原因是招商银行在全国范围内代销的第一款私募基金就是我们重阳的产品，重 阳三期。它成立于2009年9月2日，换句话说，还有不到1个月，它在招商银行架上就运行整16年了。这个产品的最新净值是在历史最高点，它的规模也挺 大，处在申赎平衡的状态。私募产品的认购门槛是300万，如果当时以300万认购并持有到今天，根据最新披露的净值计算，300万就会变成1255万，这是一 个非常令人满意的结果。我们就想知道有没有这样的客户？在招商银行的协助下我们发现有十几位招商银行的客户在 ...