CETF Profile
The DriveWealth ETF Trust - DriveWealth ICE 100 Index ETF is an exchange-traded fund that follows a rules-based, equal-weighted index designed to track the performance of the top 100 U.S.-listed exchange-traded funds (ETFs). This index encompasses a diverse array of ETFs across various sectors and asset classes, reflecting a broad spectrum of investment opportunities available in the U.S. market. By equally weighting the top 100 ETFs, the index aims to provide a balanced exposure to different market segments, mitigating the influence of any single ETF on overall performance.
Under normal market conditions, the fund's investment strategy involves allocating at least 80% of its net assets, plus any borrowings used for investment purposes, into the ETFs that make up the index. This policy ensures that the fund remains closely aligned with the performance of the ICE 100 Index. The sub-adviser responsible for managing the fund employs a disciplined approach to maintain this allocation, carefully selecting and rebalancing the underlying ETFs to reflect changes in the index composition and performance.
The DriveWealth ICE 100 Index ETF offers investors a way to gain diversified exposure to a broad range of ETFs through a single investment vehicle. By tracking an equal-weighted index of the top 100 ETFs, the fund provides a comprehensive snapshot of the performance of leading ETFs in the market. This approach allows investors to benefit from a diversified portfolio that spans multiple asset classes, sectors, and investment strategies, thereby enhancing their potential for returns while managing risk.
Investors in the DriveWealth ETF Trust - DriveWealth ICE 100 Index ETF can leverage this fund to gain broad exposure to a diverse set of ETFs, benefiting from the equal-weighted approach that reduces the impact of individual ETFs on overall performance. The fund is designed for those seeking a diversified investment strategy that mirrors the performance of top U.S.-listed ETFs, making it a valuable tool for both individual and institutional investors looking to enhance their portfolio with a broad range of market opportunities.
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