ETF News - 6/16/2014

Posted on 06/16/2014

  • State Street recently listed 3 international ETFs targeting mid to large-cap stocks in Europe, Australia, and the Far East, as well as world and emerging markets. The three ETFs, SPDR MSCI EAFE Quality Mix ETF [QEFA], SPDR MSCI Emerging Markets Quality Mix ETF [QEMN] and the SPDR MSCI World Quality Mix WTF [QWLD] hit the market on June 5, 2014. The SPDR MSCI EAFE Quality Mix ETF (QEFA) will seek to track the MSCI EAFE Quality Mix Index, the SPDR MSCI Emerging Markets Quality Mix ETF will seek to track the MSCI Emerging Market Quality Mix Index, and the SPDR MSCI World Quality Mix ETF will track the MSCI World Quality Mix Index. According to MSCI,“The MSCI Quality Mix Indexes are an equal weighted combination of the MSCI Value Weighted, MSCI Minimum Volatility and MSCI Quality Indexes in a single composite index.” All three new products will charge an expense ratio of 0.30%.

     

  • First Metro Investment Corporation, part of the Metrobank Group, will be launching its second ETF later in 2014. The new fund is expected to track the Philippines bond index, as investors are seeking exposure to the newly rated investment-grade debt. FMIC cites a liquid and growing fixed-income market in the Philippines and sees future demand for products based in the country only growing. Ticker symbols and fees were not made available.

     

  • Euroclear has launched the first ETF listed on BATS Chi-X Europe with an international securities structure. The iShares MSCI USA Dividend IQ UCITS ETF invests in US companies that target higher than average dividend yields. The launch of this ETF marks a further step for streamlining the ETF trading processing and settlement in the European market. It is expected that by using a single European settlement location, the international structure will improve liquidity and ease cross-border processing while lowering costs and risks overall for investors.
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