Nationwide Maximum Diversification U.S. Core Equity ETF
Company Overview
MXDU is an exchange-traded fund (ETF) that tracks the TOBAM Maximum Diversification USA Index. The fund seeks to achieve long-term capital appreciation by providing exposure to large and mid-cap U.S. equity securities while maximizing the diversification benefits across securities within its investment universe.
The fund employs a passive investment approach and uses a proprietary quantitative model to construct its portfolio. It aims to reduce concentration risk by maximizing the diversification ratio of the portfolio while maintaining certain investment constraints.
Use of Interest
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Company Impact
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