New Provider Launches New ETF of ETFs

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Brand-new exchange traded fund ( ETF ) provider U.S. One Trust of Nevada has introduced a fund-of-funds ETF that will invest in other ETFs to achieve its objective of giving investors global equity exposure.

The One Fund (NYSEArca: ONEF ) will invest in ETFs tracking various indexes that include large-, mid- and small-capitalization companies in the United States, Europe, Asia and various emerging markets. The fund will benchmark its performance to that of the S&P 500. [ The ETF Industry Hits a Milestone.]

ONEF will have no limits on percentages of assets that can be invested in ETFs focused on foreign securities, including in the emerging markets, reports Oliver Ludwig for Index Universe.

Bank of New York Mellon will serve as the fund's administrator and custodian. Here is their filing .

For more stories about new ETFs, visit our new ETFs category.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , ETFs

Referenced Stocks: ETF , ONEF

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