New ETF follows MarketGrader indexes

SPA ETFs Inc. of New York, an affiliate of London & Capital, today launched its first U.S. equities-focused exchange traded fund on the American Stock Exchange. The SPA ETFs utilize the performance of fundamentally driven, equal-weighted indexes created by MarketGrader.com Inc. in Coral Gables, Florida. U.S. investors will now have access to ETFs that follow the MarketGrader 40, MarketGrader 100, MarketGrader 200, MarketGrader Small Cap, MarketGrader Mid Cap and MarketGrader Large Cap indexes. “This is a very exciting time for ETFs in the U.S. Market, with more than 900 ETFs launched worldwide, and we are thrilled to launch the SPA ETFs on the American Stock Exchange since the SPA ETFs’ possess unique qualities in this crowded space to investors” Daniel Freedman, director, SPA ETFs, said in a statement. “We have found in MarketGrader a fundamentally based methodology system that has a solid performance history, and we are confident that this will provide investors with an investment tool that will stand out among this growing market.” The uniqueness of the MarketGrader indexes lies in its methodology of weighting and evaluating the stocks, according to the statement. MarketGrader uses 24 Quantitative Filters within four main areas (growth, value, profitability and cash flow) to carry out a thorough fundamental evaluation of more than 5,700 North American stocks.