Nasdaq hosts 13 new ETF listings in Q2 2017

Jul 25th, 2017 | By | Category: ETF and Index News

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Nasdaq Stock Market hosted 13 new exchange-traded fund listings from four issuers during the second quarter of 2017.

Nasdaq hosts 13 new ETF listings in Q2 2017

ETF providers listing on the exchange during the quarter included Victory Capital, First Trust, Legg Mason and IndexIQ.

Victory Capital launched the VictoryShares US Multi-Factor Minimum Volatility ETF (VSMV), giving exposure to US equities while tilting the portfolio towards a series of factors that historically have provided superior risk-adjusted returns. The fund tracks the Nasdaq Victory US Multi-Factor Minimum Volatility Index and has a total expense ratio (TER) of 0.35%.

The firm also launched the VictoryShares Dividend Accelerator ETF (VSDA) which, through tracking the Nasdaq Victory Dividend Accelerator Index, provides exposure to US large-cap equities that are forecast to have growing dividends. Its TER is also 0.35%.

First Trust launched six funds which use smart-beta strategies to tilt towards certain factors while maintaining sector weights equal to their respective parent indices. The funds provide exposure to developed international, emerging markets, US large-cap, US mid-cap, US small-cap and US high dividend stocks. The suite is listed below:
First Trust Developed International Equity Select ETF (RNDM). TER – 0.65%.
First Trust Emerging Markets Equity Select ETF (RNEM)
. TER – 0.77%.
First Trust Large Cap US Equity Select ETF (RNLC)
. TER – 0.60%.
First Trust Mid Cap US Equity Select ETF (RNMC)
. TER – 0.60%.
First Trust Small Cap US Equity Select ETF (RNSC)
. TER – 0.60%.
First Trust US Equity Dividend Select ETF (RNDV)
. TER – 0.50%.

First Trust also launched an actively managed fund, the First Trust California Municipal High Income ETF (FCAL), which provides exposure to federal and California tax-exempt income. It has a TER of 0.50%.

Legg Mason launched two actively managed, environmental, social and governance (ESG) focused ETFs sub-advised by ClearBridge Investments. One fund invests in large-cap companies with the potential for above average earnings and cash-flow growth, while the other invests in high-quality companies that have long histories of paying attractive dividends. Both funds will only select firms with a strong commitment to ESG principles. Each has a TER of 0.59%. These funds are:
Legg Mason ClearBridge Large Cap Growth ESG ETF (LRGE)
Legg Mason ClearBridge Dividend Strategy ESG ETF (YLDE)

Legg Mason also launched the Legg Mason ClearBridge All Cap Growth (CACG), an actively managed fund, sub-advised ClearBridge Investments, which invests across market capitalizations for diverse exposure to growth equities. Its TER is 0.53%.

IndexIQ launched the IQ Chaikin US Small-Cap ETF (CSML), providing investors with a smart beta investment solution targeting multifactor exposure across US-listed small cap equities. CSML tracks the NASDAQ Chaikin Power US Small Cap Index and has a TER of 0.35%.

“As new products come to market, we continue to see excitement around the evolution and value of ETP technology and are dedicated to supporting issuers and the market making community through transparency and innovation,” said Paul Roland, head of US ETP listings at Nasdaq. “Our focus remains firm that we want to be at the forefront supporting ETP growth through our commitment to improve the overall ecosystem across both regulatory and market structure initiatives.”

As of 30 June 2017, Nasdaq had a total of 348 ETPs from 39 issuers listed on its exchange. Overall, Nasdaq listed ETPs gained more than $20 billion in new assets between the first and second quarters of 2017, of which $1bn in asset growth could be attributed to products launched in 2016.

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