Wesley Gray, a finance professor at Drexel and author of the book, Quantitative Value, recently launched a new ETF called US Quantitative Value. The fund was launched by ValueShares. Gray says “We believe our edge is robust: we design systematic investment programs that seek to exploit mispricing caused by irrational investors….QVAL seeks to exploit the so-called value anomaly in a systematic, high-conviction, tax-efficient, and affordable way.”

Samuel Lee of Morningstar wrote a good review on the fund. Click to read.