Best New U.S. Equity ETF of 2013
Awarded to the most important U.S. equity ETF launched in 2013.
Note: Importance is measured by the overall contribution to positive investor outcomes. The award may recognize ETFs that open new areas of the market, lower costs, drive risk-adjusted performance or provide innovative exposures not previously available to most investors. Only ETFs with inception dates after January 1, 2013, are eligible.
iShares Enhanced U.S. Large Cap ETF (IELG): This unique ETF provides low-cost (0.18%) active exposure to an enhanced strategy, seeking competitive long-term risk-adjusted returns compared with the broader market.
iShares MSCI USA Quality Factor (QUAL): Developed in partnership with the Arizona State Retirement System, QUAL provides exposure to large- and midcap U.S. equities with high returns on equity, stable year-over-year earnings growth and low financial leverage.
Global X MLP and Energy Infrastructure ETF (MLPX): MLPX combines direct exposure to MLPs with exposure to MLP affiliates and companies involved in energy logistics and infrastructure. By keeping direct MLP exposure below 25%, it avoids the tax problems that plague most MLP ETFs, doesn’t generate a K-1 and is IRA and 401(k) eligible.
Horizons S&P 500 Covered Call (HSPX): HSPX holds a long position in the S&P 500 while selling out-of-the money calls against that position. What makes HSPX unique is that, unlike competing products, its calls are written out-of-the-money, allowing it to participate in more of the index’s upside movement while still providing income to investors.
Renaissance Capital IPO ETF (IPO): IPO buys the largest, most liquid newly listed ETFs on the fifth day after they enter the market. It is designed to give the company exposure to newly public companies prior to their inclusion in core U.S. equity portfolios.