Week four of 2014 did not see any ETP launches in Europe, but we had a single launch in Asia with the UBS IQ Research Preferred Australian Dividend Fund.
The UBS Research Preferred Dividend Index is designed to provide investors with exposure to approximately 40, publicly listed, liquid Australian securities that are covered by UBS Research. Each security that is given a “buy” or a “neutral” rating by UBS Research is eligible for inclusion in the Index.
In US we had Eleven new ETPs launches, some providing leveraged exposure to Europe, other product was based on a Currency Hedge value proposition, hedging currency exposure vis-a-vis the USD.
Worth highlighting is Van Eck Market Vectors launch of two Quality focused ETPs since Smart Beta is a subject of increased attention.
The two new ETFs:
Market Vectors® MSCI Emerging Markets Quality ETF (http://ow.ly/sWbac)
and Market Vectors MSCI International Quality ETF (http://ow.ly/sWc7C)
both based on the MSCI Quality Indices has been listed on NYSE Arca.
The MSCI Quality Indices aim to reflect the performance of a quality growth strategy. Quality growth companies tend to have high ROE, stable earnings that are uncorrelated with the broad business cycle, and strong balance sheets with low financial leverage. The Indices identify quality growth stocks by calculating a quality score for each security in the eligible equity universe based on three main fundamental variables:
- High return on equity (ROE),
- Stable year-over-year earnings growth and
- Low financial leverage.
The quality factor is complementary to other systematic factors (such as size, value, or low volatility and may provide diversification to a portfolio of factor strategies.New Product Launches
UBS IQ Research Preferred Australian Dividend Fund
PIMCO Diversified Income Exchange-Traded Fund
PIMCO Low Duration Exchange-Traded Fund
Direxion Daily FTSE Europe Bear 3x Shares
Direxion Daily FTSE Europe Bull 3x Shares
db X-trackers MSCI All World ex US Hedged Equity Fund
db X-trackers MSCI South Korea Hedged Equity Fund
db X-trackers MSCI Mexico Hedged Equity Fund
Market Vectors MSCI Emerging Markets Quality Dividend ETF
Market Vectors® MSCI Emerging Markets Quality ETF
Market Vectors MSCI International Quality Dividend ETF
Market Vectors MSCI International Quality ETF
Vident U. S. Core Equity Fund
Direxion Zacks MLP High Income Shares