VTL Preps Two ETFs

Fresh off of its announced partnership with a Chinese venture capital shop, Philadelphia-based VTL Associates is looking to add two exchange-traded funds to its roster: RevenueShares Emerging Market Fund and RevenueShares Ultra Dividend Fund.

The RevenueShares Emerging Market Fund is benchmarked to the performance of the BNY Mellon Emerging Markets 50 ADR Index and will have operating expenses of 49 basis points. It will be managed by Vincent Lowry, chief executive officer of VTL, and Denise Krisko, chief investment officer of Index Management Solutions, a wholly owned subsidiary of VTL.

In addition, the RevenueShares Ultra Dividend Fund will be benchmarked against the S&P 900 Index, which combines the S&P 500 Index and S&P MidCap 400 Index to form an investable benchmark for the large-mid cap universe of the U.S. equity market, and will also be managed by Lowry and Krisko. Its operating expense is also 49 bps.

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