Barclays Launches Unique ETN; iShares Brings 2 New Funds to Market

by on July 10, 2014 | ETFs Mentioned:

In the dog days of summer, the ETF world tends to slow down, as markets often see less volume while investors take a breather to enjoy the nice weather. Likewise, ETF launches tend to slow down for a few months before picking up steam later in the year. Still, there are new products that are hitting the market that investors should be aware of, and today is no exception [for more ETF news and analysis subscribe to our free ETF Daily Roundup].

Barclays Debuts One-of-a-Kind ETN

Barclays rolled out the Women in Leadership ETN (WIL) this morning, a fund that is sure to catch your eye, as it’s the first ETN of its kind. WIL invests in an index that only includes companies that have a female CEO and/or have at least 25% female members on the board of directors. Currently, women make up just 4.8% of Fortune 500 CEOs and just 16.9% of board seats of that same group.

cThe fund is taking a more socially responsible approach, as it sets its sights on corporate diversity, the lack of which has been a rising issue over the last few years.

iShares Rolls Out Two New Funds

iShares has more ETFs on the market than any other issuer, and it can add two more to its tally today. The Global REIT ETF (REET) will be comprised of global real estate equities from both developed and emerging markets. The fund will make a play on the recent trend of high dividend investments, as REIT products are well known for carrying handsome dividend yields.

The second product is the Currency Hedged MSCI EMU ETF (HEZU), which takes a unique approach to European equities. HEZU invests in large- and mid-cap European companies while hedging euro exposure, meaning that this fund will profit when the euro declines or the dollar appreciates relative to the euro.

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Disclosure: No positions at time of writing.