The ETF firm founded by Shark Tank star Kevin O’Leary rolled out two more dividend-focused smart-beta ETFs today. The O’Shares FTSE Asia Pacific Quality Dividend ETF (OASI) and O’Shares FTSE Europe Quality Dividend ETF (OEUR) join the O'Shares FTSE U.S. Quality Dividend ETF (OUSA), which hit the market in mid-July.
Components included in FTSE’s “Quality Dividend” indexes must be large- or midcap dividend-paying stocks exhibiting high quality and low volatility, while meeting certain liquidity standards.
OASI and OEUR each come with a net expense ratio of 0.58 percent.
The new Market Vectors fund targets oil refiners and joins the firm’s suite of energy-focused ETFs, including the Market Vectors Unconventional Oil & Gas ETF (FRAK | B-29) and the Market Vectors Oil Services ETF (OIH | A-45).
The Market Vectors Oil Refiners ETF (CRAK) comes at a time when crude oil prices are floundering; however, given that refiners are dealing with refined petroleum products, their revenues respond to changes in oil prices differently from other companies operating in the energy space, as pointed out by Van Eck in a press release.
The fund has a net expense ratio of 0.59 percent.
A Banner Year
By this time last year, only 125 ETFs had launched. With today’s rollouts, 2015 is blowing last year out of the water, weighing in with 179 funds launched so far this year. That’s a difference of 54 funds.
With more than four months left to go for 2015, it seems likely that 2015 will handily beat the 203 funds launched in 2014.