Victory Capital on Thursday introduced the VictoryShares Emerging Market High Div Volatility Wtd ETF (CEY), which consists of the highest 100 dividend-yielding stocks in the CEMP Emerging Market 500 Volatility Weighted Index.
The fund’s index methodology combines fundamental criteria and volatility weighting based on standard deviation over the past 180 trading days. Companies included in the index must have been profitable over the past four quarters.
Top country weightings in the ETF are Taiwan (19.4 percent) and China (13.4 percent), followed by Thailand (9 percent), Russia (8.9 percent) and South Africa (6.6 percent).
Top sector weightings are financials (24.7 percent), utilities (11.8 percent) and materials (11.7 percent).
CEY’s net expense ratio is 0.50 percent.
The VictoryShares ETF platform comprises 14 strategic beta ETFs—12 of which employ a volatility weighted strategy—with total assets of roughly $1.9 billion as of this year’s third quarter.