The Market Vectors MSCI International Quality ETF and the Market Vectors MSCI International Quality Dividend ETF will track indexes that provide exposure to both developed and developing markets such as Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Greece, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Italy, Japan, Korea, Malaysia, Mexico, Morocco, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, Russia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, and the UK, according to the filing. [Global Stocks Get Their Own Dividend Dog ETF]

There is already one so-called quality ETF on the market, as Hannah Tool for Index Universe notes. That fund is the iShares MSCI USA Quality Factor ETF (NYSEArca: QUAL). QUAL debuted less than two weeks ago and already has nearly $108 million in assets under management.

QUAL’s 125 holdings are based on fundamental factors such as high return on equity, stable year-over-year earnings growth and low financial leverage, according to iShares. Top holdings include Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and Google (NasdaqGM: GOOG).

ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of EEM and Google.