iShares has registered a U.S. equities factor-based ETF called the MSCI USA Quality Factor ETF. The fund will add to the company’s lineup of factor-based ETFs that track MSCI Indexes rolled out earlier this month.

The MSCI USA Quality Index is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. The underlying index seeks to capture the performance of stocks believed to be quality stocks selected from the parent index, as identified through certain financial metrics, such as: high return on equity, stable year-over-year earnings growth and low financial leverage, according to the registration statement.

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