Home to 144 stocks, OEUR is diverse at the sector level with health care leading the way at 19.4 percent, but five other sectors command double-digit sector allocations, according to issuer data.
The other new O’Shares ETF is the O’Shares FTSE Asia Pacific Quality Dividend ETF (NYSEArca: OASI), which tracks the FTSE Asia Pacific 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 the Asia Pacific 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.
OASI is heavy on Japanese and Australian stocks with those two countries combining for over two-thirds of the new ETF’s weight. Hong Kong and Singapore combine for 26.4 percent of the fund’s weight and emerging markets exposure is limited.
Both of the new O’Shares ETFs charge 0.58% per year.