Credit Suisse, Swiss investment bank and a provider of a few exchange traded note styles, recently launched another hedge fund-like long/short equities fund that will be based on global stocks from developed markets.

Market Neutral Global Equity ETN (NYSEArca: CSMN) is based on the HS Market Neutral Index, which will include stocks from North American, European and Japanese markets. CSMN has an expense ratio of 1.05%.

“Each quarter, a universe of 750 stocks consisting of the top 275 North American stocks by market capitalization, the top 300 European stocks by market capitalization and liquidity and the top 175 Japanese stocks by market capitalization is identified from the HOLT database,” according to the ETN’s prospectus.

The fund will utilize the HOLT scoring methodology to screen for 75 long positions and 75 short positions to achieve its “neutral” strategy.