Credit Suisse has rolled out another bespoke ETN for Fisher Investments. The Credit Suisse FI Enhanced Europe 50 ETN (FEUL), which covers notes due May 11, 2028, is tied to the STOXX Europe 50 USD (Gross Return) Index.
The ETN is listed on the NYSE Arca and comes with a management fee of 1.00%.
FEUL offers leveraged exposure to its underlying index that is reset on a quarterly basis.
There are at least 10 ETNs issued by Barclays, Deutsche Bank, Credit Suisse and UBS that have been launched on behalf of Fisher Investments, with the recently rolled-out Large Cap Growth Index-Linked ETN (FRLG) from Goldman Sachs also appearing to be part of the family. In total, the notes represent nearly $8 billion in assets under management.
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