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.

The SPDR S&P 1500 Momentum Tilt ETF seeks to track the performance of the S&P 1500 Positive Momentum Tilt Index, which is rebalanced quarterly and included some 1,491 securities as of the end of September. The ETF also charges 35 basis points.

"Providing advisors and investors with unique opportunities to take advantage of sources of outperformance relative to standard cap-weighted indexes and combining the advantages of value and momentum tilt investing with the benefits of exchange traded funds, our new SPDR Tilt ETFs further illustrate the growing popularity of advanced beta investment strategies," stated James Ross, global head of SPDR Exchange Traded Funds and head of Intermediary Distribution at State Street Global Advisors.

State Street manages more than $337 billion in SPDR ETF assets worldwide as of the end of September.

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