Grantham’s GMO Ramps Up ETF Franchise With Value-Trade Wagers

Grantham Mayo Van Otterloo is expanding its footprint in the $10 trillion ETF marketplace by going back to its roots.

The Boston-based money manager — which has become known for a valuation-driven investment process since its establishment in 1977 — is debuting the GMO US Value ETF (ticker GMOV) and GMO International Value ETF (GMOI) on Tuesday. The offerings have expense ratios of 0.5% and 0.6%, respectively.

The new entries will mirror two existing mutual funds from GMO: the roughly $561 million GMO US Opportunistic Value Fund and the $429 million GMO International Opportunistic Value Fund. ...