SCID: new Multi Factor Europe Equity ETF by Global X

CLOSED 08/21/2020

Global X begun trading the Global X Scientific Beta Europe ETF (NYSE Arca: SCID) on Tuesday, May 12, 2015.
Here is a synopsis of the new ETF:


Symbol: SCID    Exchange: NYSE Arca
Name: Global X Scientific Beta Europe ETF      Net Expense Ratio: 0.38%


The Global X Scientific Beta Europe ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Scientific Beta Extended Europe Multi-Beta Multi-Strategy Equal Risk Contribution Index.
The Fund invests at least 80% of its total assets in the securities of the Underlying Index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Underlying Index.




The Scientific Beta Extended Europe Multi-Beta Multi-Strategy Equal Risk Contribution Index generally comprises approximately 600 or less European-listed common stocks selected based on a proprietary methodology developed by EDHEC Risk Institute Asia Ltd (Index Provider).
The components of the Underlying Index are selected from a universe of the 600 largest, as measured by free float market capitalization, and most liquid stocks that are ordinarily traded principally on a stock exchange in one of the following 16 developed European countries:
Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland and the United Kingdom.
The Underlying Index’s components are selected by applying 4 factors that have been widely recognized by academic literature to outperform market capitalization weighted-indexes over the long run: Value, Size, Low-Volatility and Momentum.
Each of these factors is applied by using the following metrics: price-to-book ratio for Value, free-float market capitalization for Size, historical volatility over the trailing 104 week period for Low-Volatility, and one-year-minus-one-month total returns for Momentum.
The objective of the Scientific Beta Extended Europe Multi-Beta Multi-Strategy Equal Risk Contribution Index is to outperform traditional market capitalization-weighted indexes, with lower volatility.


Index Country Breakdown (05/12/15):

Britain 32.7%
France 13.1%
Switzerland 9.9%
Germany 9.1%
Italy 4.9%
Sweden 4.8%
Denmark 4.8%
Spain 4.3%

Index Top Consituents (05/12/15):

Teleperformance S.A. 0.6%
Swiss Prime Site AG 0.6%
freenet AG  0.6%
The Berkeley Group Holdings Plc 0.5%
Next Plc 0.5%
Great Portland Estates Plc 0.5%
Provident Financial Plc 0.5%
Derwent London Plc 0.5%
Pennon Group Plc 0.5%
Chocoladefabriken Lindt & Spruengli AG 0.5%


Index Industry Breakdown (05/12/15):

Financials 26.1%
Industrials 17.1%
Consumer Discretionary 13.4%
Consumer Staples 10.6%
Materials 7.7%
Health Care 7.4%
Utilities 6.1%
Telecommunication Services 5.3%
Information Technology 3.9%
Energy 2.5%


Useful Links:
SCID Home Page

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