Philadelphia-headquartered VTL Associates says it has received an investment from Suzhou Industrial Park Kaida Venture Capital, an entity associated with Chinese venture capital firm, Dalian Kaida Venture Capital.

The growth capital will be used to support the expansion of RevenueShares, a division of VTL Associates that provides revenue-weighted exchanged-traded funds (ETFs).

VTL Associates is an institutional investment consulting firm, advising a total of $14 billion of public funds, corporate pensions, endowments and foundations assets.

"Revenue-weighted ETFs are an effective way to reduce potential investor loss to the lowest level during economic downturns, and yet capture market gains in a flourishing economy," says Yulong Wang, chairman of Dalian Kaida Venture Capital.

Launched in 2008, RevenueShares is an ETF sponsor that uses top-line company revenue as the sole means of weighting S&P indexes.

By focusing on a single measure such as revenue, RevenueShares aims to provide investors with a complementary and enhanced method to own popular S&P Indexes with all the benefits of traditional indexing of broad market exposure, transparency and low cost.

Founded in 2010, Suzhou Industrial Park Kaida Venture Capital focuses on investing in the high-tech and financial sectors.

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