Our weekly roundup of new fund launches.

O'Shares unveils a new small-cap ETF

O'Shares ETF Investments announced the launch of a U.S. small-cap ETF, the firm's sixth offering listed.

Kevin O'Leary, chairman, O'Shares ETF Investments

The O'Shares FTSE US Small Cap Quality Dividend ETF (OUSM), which has a 0.48% expense ratio, focuses on dividend-paying companies.

The portfolio is comprised of 339 U.S. small-cap dividend stocks, with an average market cap of $4 billion. Stocks in the portfolio were selected based on an index developed for O'Shares ETF Investments by FTSE Russell.

Kevin O'Leary, chairman of O'Shares ETF Investments, believes small cap's full potential has been unrealized. "Most people don't realize that $1,000 invested in U.S. small caps 15 years ago would potentially been worth $3,385 today, compared to only $2,642 for U.S. large caps and now," he said.

Vanguard’s record inflows outpaced next 16 fund families combined
The fund manager reported $277 billion in new money to its U.S. mutual funds and ETFs last year, while Fidelity and Franklin reported some of the largest outflows.

CBOE Vest introduces a leveraged large cap fund

CBOE Vest announced its latest offering, the S&P 500 Enhanced Growth Strategy Fund (ENGIX).

Using options, the fund seeks to deliver 2x upside performance on the S&P 500 up to a variable cap, while providing one-to-one exposure to losses, according to CBOE.

The fund, which has a $100,000 minimum investment requirement and a 1.26% expense ratio, is the third mutual fund launched by CBOE Vest. Steve Neamtz, senior managing director at CBOE Vest, said the strategy is positioned as, "The new normal of lower-than-expected global economic growth."

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access