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  • Vert December 2014
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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International Quantitative Value (IVAL) Launched Today

CharlesCharles
edited December 2014 in Fund Discussions
The international sister to Quantitative Value (QVAL), which we profiled in the December commentary.

Here's letter announcement from Dr. Gray:

Friends/Family/Fans:

ValueShares has launched its second Active EtF, the ValueShares International Quantitative Value EtF (Ticker: IVAL).

The IVAL mission is straightforward:

We seek to buy the cheapest, highest quality International value stocks.

We believe that because you understand value investing, and the inevitability of human bias, a systematic approach to value investing offered through IVAL might be interesting.

Financial markets offer a wide array of products today, and you are free to choose among them, but if you are a value investor, IVAL can provide you with a simple way to practice Ben Graham’s common sense value investing style.

We have a White Paper entitled, “Our Quantitative Value Philosophy,” which outlines the philosophy underpinning our IVAL strategy.

Many investors are seeking actively managed investments, which focus on high-conviction portfolios (e.g., less than 50 stocks), and do not seek to replicate the performance of an index. Unfortunately, there are very few actively managed, high-conviction, value-focused international equity EtFs available today. We hope IVAL can meet the needs of investors who are seeking an actively managed, high-conviction, value-focused, international equity EtF.

You can learn more about IVAL at ValueShares.com and you can learn more about Alpha Architect (the advisor) at AlphaArchitect.com.

Semper Fidelis,

Wesley R. Gray, Ph.D.

Comments

  • Vert
    The expense ratio of .99 seems rather high for an ETF. It will be interesting to see how it compares with FMIJX, which comes in at about the same expenses, hedges, is willing to go to cash, is more qualitative in its stockpicking, and looks to me like about the best international mutual fund out there. GAINX also seems to use generally similar methods for a global fund with an expense ratio a bit lower if you combine QVAL with IVAL.
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