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Credit Suisse Rolls Out Market Neutral ETN
September 22, 2011 at 07:00 AM EDT
Credit Suisse continued the expansion of its ETN lineup on Wednesday, debuting a product that offers market neutral exposure to equity markets of the U.S., Europe, and Japan. The new Market Neutral Equity ETN (CSMN) will be linked to the HS Market Neutral Index Powered by HOLT, a benchmark that includes equal long and short positions in stocks from a handful of different developed markets. The underlying index selects stocks from a universe of the 275 largest North American stocks, 300 largest European stocks, and 175 largest Japanese stocks. Using the HOLT scoring methodology, 75 long positions and 75 short positions are determined, with each stock assigned a base weight of about 1.33% (or -1.33%) in the benchmark. In determining which stocks qualify for both long and short allocations, the HOLT methodology considers whether stocks appear to be overvalued or undervalued, stock market momentum, and corporate performance factors. The index [...] Click here to read the original article on ETFdb.com. Related Posts: No Related Posts
Credit Suisse continued the expansion of its ETN lineup on Wednesday, debuting a product that offers market neutral exposure to equity markets of the U.S., Europe, and Japan. The new Market Neutral Equity ETN (CSMN) will be linked to the HS Market Neutral Index Powered by HOLT, a benchmark that includes equal long and short positions in stocks from a handful of different developed markets. The underlying index selects stocks from a universe of the 275 largest North American stocks, 300 largest European stocks, and 175 largest Japanese stocks. Using the HOLT scoring methodology, 75 long positions and 75 short positions are determined, with each stock assigned a base weight of about 1.33% (or -1.33%) in the benchmark. In determining which stocks qualify for both long and short allocations, the HOLT methodology considers whether stocks appear to be overvalued or undervalued, stock market momentum, and corporate performance factors. The index [...]
