iShares Plans Risk And Value MSCI ETFs, Credit Suisse Files For Covered-Call Gold ETN

The bull train continues to roam across Wall Street as upbeat earnings and solid economic data releases have managed to keep confidence levels afloat even after a very green start to the new year. While pressures for a pullback in the equity market are certainlygrowing by the day, profit taking has been fairly short-lived as few speculators have tried to fight the uptrend at hand. Amid the improving global economic outlook, issuers are once again starting to ramp up developments on the product front as iShares and Credit Suisse have filed interesting proposals with the SEC . Industry veteran iShares has filed for two equity ETFs that will be linked to MSCI benchmarks with a twist:

• iShares MSCI USA Risk Weighted Index Fund:This ETF will be based on the broaderMSCI USA Index and will reweight each security from that benchmark using a rules-based methodology so that the lower risk stocks account for a higher percentage of the underlying portfolio. The SEC filing went on to state that the risk weighting of each security will be based on three years of weeklyreturnsdata .
• iShares MSCI USA Value Weighted Index Fund:This ETF will also be based on the broader MSCI USA Index, however, it will reweight each security based oncertainvalue-centric metrics, including book value, three-year moving average of sales, earnings and cash earnings. According to the SEC Filing, the underlying portfolio will be tilted towards the energy, financials and IT sectors.

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Disclosure: No positions at time of writing.