State Street Global Advisors has launched the SPDR S&P 1500 Value Tilt ETF (VLU) and the SPDR S&P 1500 Momentum Tilt ETF (MMTM), which began trading on the NYSE Arca yesterday.

The SPDR S&P 1500 Value Tilt ETF seeks to track the performance of the S&P 1500 Low Valuation Tilt Index. The Index is rebalanced annually, and as of the end of September it included approximately 1,472 securities. The ETF's expense ratio is 35 basis points.

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