What market capitalization segments do the U.S. listed SPA ETFs cover?
DF: Currently, SPA ETFs offer a Small Cap ETF (Ticker: SSK), Mid Cap ETF (Ticker: SVD) and Large Cap ETF (Ticker: SZG), as well as three multi-cap ETFs. The Small, Mid and Large Cap funds each contain 100 appropriately sized stocks, and are rebalanced semi-annually. The SPA Market Grader 40 contains 40 stocks and is rebalanced quarterly, and the SPA MarketGrader 100 and 200 contain baskets of 100 and 200 stocks, respectively, and are rebalanced semi-annually. All of our ETFs track indices which choose stocks based on a company’s fundamental attractiveness, combined with sensible diversification in terms of sector distribution and market capitalization. How does the ETF marketplace in Europe compare to the United States? DF: Europe is about ten years behind the U.S. in terms of ETF growth, but is quickly catching up. In the past, differences in jurisdictions and tax laws made listing in different countries difficult and as a result limited ETFs growth in Europe. Now, more standardized r