State Street, iShares, UBS, Credit Suisse Launch ETFs

by on June 12, 2014 | ETFs Mentioned:

As investors took a breather after a string of records on Wall Street, ETF issuers have been quite busy this month. Last week, State Street debuted four foreign equity ETFs, while iShares launched three style funds. This week, investors once again saw a slew of launches – 13 in total. Credit Suisse, UBS, iShares and State Street all added to their lineup [for more ETF news and analysis subscribe to our free ETF Daily Roundup].

UBS: An MLP First & “Enhanced” ETNWall Street

On June 10, UBS debuted its ETRACS Wells Fargo MLP Ex-Energy ETN (FMLP), the first fund to offer investors exposure to master limited partnerships outside the energy industry. Tracking the Wells Fargo MLP Ex-Energy Index, the fund invests in publicly traded companies such as KKR, Blackstone, Lazard and Icahn Enterprises, all of which are in the finance and investment banking industries. The fund charges a 0.85% expense ratio, accrued on a daily basis.

UBS also added the UBS AG FI Enhanced Large Cap Growth ETN (FBGX) to its lineup.

State Street Adds More “Quality’ ETFs

ETF Veteran State Street added to its new lineup of “Quality Mix” ETFs, which employ value, low volatility, and quality factor strategies. The six funds launched this week all feature equity exposure outside of the U.S.:

  • SPDR MSCI Australia Quality Mix ETF (QAUS)
  • SPDR MSCI Canada Quality Mix ETF (QCAN)
  • SPDR MSCI Germany Quality Mix ETF (QDEU)
  • SPDR MSCI Japan Quality Mix ETF (QJPN)
  • SPDR MSCI Spain Quality Mix ETF (QESP)
  • SPDR MSCI United Kingdom Quality Mix ETF (QGBR)

iShares Launches 4 More Core ETFs

Adding to its popular “core” ETF lineup, iShares debuted four new ETFs – two of which feature foreign equity exposure, while the other two focus on dividend and fixed income strategies:

  • Core MSCI Europe ETF (IEUR)
  • Core MSCI Pacific ETF (IPAC)
  • Core Dividend Growth ETF (DGRO)
  • Core Total USD Bond Market ETF (IUSB)

Credit Suisse also debuted its FI Large Cap Growth Enhanced Exchange Traded Notes (FLGE).

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Disclosure: No positions at time of writing.