State Street SPDR MSCI World StrategicFactors ETF (QWLD)
State Street SPDR MSCI World StrategicFactors ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $159.06, up 0.15% on the session, giving a market capitalisation of $175.0M. Its beta of 0.77 implies it has historically moved less than the broad market.
This State Street SPDR ETF aims to mirror the overall performance of the MSCI World Factor Mix A-Series Index, before accounting for any associated fees or expenses. It accomplishes this by following a "Smart Beta" index that strategically blends various investment factors: low volatility, strong quality characteristics, and attractive valuations, all within a unified methodology. The resulting portfolio aims to provide a strategy with reduced price fluctuations, maintaining an equal focus on financially robust and favorably priced companies. Multi-factor Smart Beta approaches like this one can bridge the divide between active and passive investing, presenting investors with an opportunity to reconsider their market exposures and potentially optimize their risk-adjusted returns with greater efficiency.
State Street SPDR MSCI World StrategicFactors ETF is most often compared with the following Financial Services names: