Nationwide Joins Insurers' Move to Passive With Smart-Beta ETFs

Pedestrians walk along Wall Street near the New York Stock Exchange (NYSE) in New York, U.S., on Friday, Sept. 8, 2017.Photographer: Michael Nagle/Bloomberg

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By Sarah Ponczek

November 3, 2017 at 2:00 PM UTC

This article is for subscribers only.

The passive pull is proving too strong to pass up.

Nationwide Mutual Insurance Co. is launching three exchange-traded funds that use strategic beta strategies. The new ETFs will aim to track risk-weighted indexes that provide a “smoother ride” for investors, Chris Graham, chief investment officer for Nationwide Funds, said in a phone interview.