Nationwide Risk-Based International Equity ETF (RBIN)
Nationwide Risk-Based International Equity ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $24.10, up 0.00% on the session, giving a market capitalisation of $116.0M. Its beta of 0.73 implies it has historically moved less than the broad market.
The fund dedicates a minimum of 80% of its net assets, supplemented by any borrowed capital for investment purposes, to equity securities primarily traded across Europe, Australasia, and the Far East. It adheres to a unique, rules-based index that implements an equal risk-weighting strategy. This index is specifically engineered to provide investment exposure to large-capitalization companies situated in developed markets outside of the United States and Canada. The strategic objective of this methodology is to achieve advantages such as reduced volatility, mitigated maximum drawdowns, and an improved Sharpe ratio, contrasting with conventional market-capitalization-weighted investment approaches.
Nationwide Risk-Based International Equity ETF is most often compared with the following Financial Services names: