IWB - Alpha In The Low-Vol Space
A young ETF shows its stripes.
I'm on a constant prowl for alpha in the ETF universe. It's elusive. And often ethereal. So, imagine my surprise when my peregrinations led me to an actively managed alpha producer in, of all places, the low-volatility space.
The Franklin Liberty U.S. Low Volatility ETF ([[FLLV]]) attempts to manage volatility by using a fundamental, bottom-up security selection process. Benchmarked against the Russell 1000, FLLV's stock picks are equally weighted within the Russell's sectors to produce the quarterly reconstituted portfolio.
The result? Year to date, FLLV has bested the index-tracking