So much for a summer slowdown. The last few weeks have seen a handful of new ETFs make their debut and today is no exception. State Street will launch four equity products that focus on overseas investing, while iShares focused three of its new launches abroad as well [for more ETF news and analysis subscribe to our free ETF Daily Roundup].
State Street Avoids the U.S.
Currently responsible for the largest and most popular ETF in the world (SPY), State Street turned its focus abroad this morning. One fund will focus on Europe, two will feature more broad exposure, and the fourth takes a dive into emerging markets. Here are each of the four new funds that State Street debuted this morning:
- SPDR EURO STOXX Small Cap ETF (SMEZ)
- SPDR MSCI EAFE Quality Mix ETF (QEFA)
- SPDR MSCI Emerging Markets Quality Mix ETF (QEMM)
- SPDR MSCI World Quality Mix ETF (QWLD)
With the addition of these funds, State Street will boast nearly 140 U.S.-listed ETFs.
iShares Avoids Volatlity, with Style
iShares also set its gaze on international investing, but with a style twist. Each of the three funds iShares rolled out this morning will feature a strategy that aims to mitigate volatility for a more stable investment. This kind of exposure has become more popular in recent years as it allows investors to make meaningful allocations to particular regions while avoiding some of the risks associated with that area. Here are the three funds iShares launched this morning:
- iShares MSCI Asia ex Japan Minimum Volatility ETF (AXJV)
- iShares MSCI Europe Minimum Volatility ETF (EUMV)
- iShares MSCI Japan Minimum Volatility ETF (JPMV)
iShares, which lists more ETFs than any other issuer, now has nearly 315 funds trading in the U.S.
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Disclosure: No positions at time of writing.
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