Group 1 - Research Affiliates launched a new ETF, the Research Affiliates Cap-Weighted US ETF (RAUS), which is claimed to represent a significant advancement in indexing methodology [1][2] - The RAUS ETF utilizes an index that incorporates factors such as sales, cash flow, dividends, buybacks, and book value, contrasting with traditional market-cap weighting to reduce turnover and avoid buying high and selling low [2][3] - The fund tracks the RACWI US Index, which has shown historical excess returns of 0.69% annually compared to the S&P 500 from July 1991 to December 2024, potentially leading to 23% more wealth through compounding [3] Group 2 - The ETF has a management fee of 0.15%, which will be waived for the first year to incentivize early adopters, with future fees expected to stabilize in the high single-digit range [4] - The stocks included in the RACWI differ from those in the S&P 500, with notable inclusions such as Marvell Technology, CRH, Cheniere Energy, and Flutter Entertainment, while exclusions include Palantir, CrowdStrike, DoorDash, and Royal Caribbean [4]