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QLV: Snag Quality and Low Volatility in One ETF

QLV: Snag Quality and Low Volatility in One ETF
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The QLV ETF: Quality Makes Low Volatility Even Better

ETF 360: Q&A with Northern Trust Asset Management s Michael Hunstad

FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund (TLTD), are poised to do very well in the U.S. and the international space. There are a few reasons for this. Historically, looking at the macro picture during recovery tends to be the prime time for the size and value factors. The stocks tend to be very depressed in the perceiving contraction. Coming out of that contraction, they tend to do quite well. From an interest rate perspective, things also look very good. “When they have a situation that we’re in right now of a bare steepening yield curve,” Hunstad explains, “You generally have a positive outlook on longer-term growth, and not a lot of risk of that central bank engineered contraction. That’s very good for both the size and the value factors.”

The Case for a Low Volatility Methodology, QLV

Low volatility isn’t flashy, but it is still a beloved investment factor. How funds like the  QLV follows the Northern Trust US Quality Low Volatility Index. The ETF’s benchmark employs a quality screen to provide exposure to high-quality companies with lower absolute risk, thereby limiting potential future volatility. The quality screen analyzes a broad universe of equities based on key indicators such as profitability, management efficiency, and cash flow, and then excludes the bottom 20% of stocks with the lowest quality score. The index is then subject to the regional, sector, and risk-factor constraints, in order to manage unintended style factor exposures, significant sector concentration, and high turnover.

GameStop s #1 Investing Lesson: Focus on Quality

February 8, 2021 One of the early lessons emerging from the GameStop saga is that for many investors, quality is the way to go in all market environments. The   QLV follows the Northern Trust US Quality Low Volatility Index. The ETF’s benchmark employs a quality screen to provide exposure to high-quality companies with lower absolute risk, thereby limiting potential future volatility. The quality screen analyzes a broad universe of equities based on key indicators such as profitability, management efficiency, and cash flow, and then excludes the bottom 20% of stocks with the lowest quality score. The index is then subject to the regional, sector, and risk-factor constraints, in order to manage unintended style factor exposures, significant sector concentration, and high turnover.

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