Global X Funds Announces Launch Of Adaptive U.S. Factor ETF

Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Adaptive U.S. Factor ETF (AUSF ). The fund will track the Adaptive Wealth Strategies U.S. Factor Index, which seeks to navigate various market conditions by dynamically allocating to sub-indexes representing three academically-backed factors: value, momentum, and minimum volatility. Each sub-index consists of 100 US mid and large cap stocks that represent a particular factor. The index adjusts its factor exposures on a quarterly basis based on a mean-reversion methodology that seeks to access underperforming factors.