O’Shares Launches Smart-Beta ETF “OUSA” on NYSE Arca
First U.S. ETF from Kevin O’Leary’s O’Shares
July 14, 2015 09:45 AM Eastern Daylight Time
NEW YORK–(BUSINESS WIRE)–The New York Stock Exchange today welcomed the O’Shares FTSE US Quality Dividend ETF to NYSE Arca, the premier exchange for listing exchange traded funds (ETFs). Trading under the ticker symbol OUSA, the fund provides access to large and mid-cap U.S. issuers, selected based on quality, low volatility and dividend yield. It is the first in a series of smart-beta index-based ETFs expected to be listed in the U.S. by O’Shares.
O’Shares was formed by ABC Shark Tank investor and CNBC contributor Kevin O’Leary, Chairman, and Connor O’Brien, CEO, who together also co-founded O’Leary Funds, a Canadian investment fund manager.
“Kevin O’Leary has brought entrepreneurship and capital raising into the living rooms of millions of Americans and we are pleased to welcome him to the New York Stock Exchange, the center of global capital markets”
The 140 stocks in the index that OUSA tracks are selected from the FTSE USA Index, comprised of 600 of the largest U.S. equities. The 140 in the index had an average weighted market capitalization of $56 billion, a minimum market capitalization of over $750 million as of June 23, 2015, and is diversified across ten industry sectors, with the three largest sectors being consumer goods, health care and technology, and the three smallest being materials, financials and utilities.
“To make the cut for me, an ETF has to be created from stocks that have quality, low volatility, and dividend yield,” said Kevin O’Leary, Chairman. “There are thousands of ETFs on the market but I couldn’t find one that gave me all of these metrics together so I created my own ETFs, called O’Shares. My first is OUSA and because I wanted it to be liquid and available to investors globally I chose to list it on NYSE Arca, the premier exchange for listing ETFs.”
“Kevin O’Leary has brought entrepreneurship and capital raising into the living rooms of millions of Americans and we are pleased to welcome him to the New York Stock Exchange, the center of global capital markets,” said Steve Crutchfield, NYSE Group Head of Exchange-Traded Products, Options and Bonds.
NYSE Leadership in Exchange Traded Products
- Of the ETPs that listed in the U.S. in the first half of 2015, over 85% were listed on NYSE Arca.
- More than 1500 ETPs are listed on NYSE Arca, representing over $2 trillion in AUM or 90% of the AUM of all U.S. listed ETPs.
About NYSE Group
NYSE Group is a wholly-owned subsidiary of Intercontinental Exchange (NYSE:ICE), operator of the leading global network of exchanges and clearing houses. NYSE Group operates multi-asset exchanges, and a range of related data products and technology services. The company’s equity exchanges – the New York Stock Exchange, NYSE MKT and NYSE Arca – trade more U.S. equity volume than any other exchange group. NYSE is the global leader in capital raising for listed companies, including the majority of technology IPOs globally since 2012. The company’s equity options markets, NYSE Arca Options and NYSE Amex Options offer complementary market models. NYSE Group also provides comprehensive global connectivity services and a range of market data products to support efficient, transparent markets.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of regulated exchanges and clearing houses. ICE’s futures exchanges and clearing houses serve global commodity and financial markets, providing risk management and capital efficiency. The New York Stock Exchange is the world leader in capital raising and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 – Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE’s Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on February 5, 2015.
SOURCE: Intercontinental Exchange
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