More Shark Tank ETFs

The O’Shares FTSE US Quality Dividend ETF (NYSEArca: OUSA), the first exchange traded fund from “Shark Tank” personality Kevin O’Leary, is off to a fast start. Barely more than a month after coming to market, OUSA has over $23.6 million in assets under management.

O’Leary’s O’Shares Investments is building on the success of OUSA with the introduction of two international equivalents, both of which came to market on Wednesday. The O’Shares FTSE Europe Quality Dividend ETF (NYSEArca: OEUR) is the first Europe ETF from O’Shares.

OEUR tracks the FTSE Europe Qual / Vol / Yield Factor 5% Capped Index.

That index “is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in Europe that meet certain requirements for market capitalization, liquidity, high quality, low volatility and dividend yield, as determined by FTSE-Russell (the “Index Provider”). The high quality and low volatility requirements are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies,” according to O’Shares.

OEUR is heavy on the U.K. and Switzerland with those countries combining for nearly two-thirds of the new ETF’s weight.