Jeremy Grantham's GMO Expands ETF Franchise

What You Need To Know

• The new entries mirror two existing mutual funds: the roughly $561 million GMO U.S. Opportunistic Value Fund and the $429 million GMO International Opportunistic Value Fund.
• The two ETF offerings have expense ratios of 0.5% and 0.6%, respectively.
• Ben Inker, co-head of asset allocation at GMO, says value stocks have never been cheaper in developed non-U.S. markets, going back to the 1980s.