Corporate Press Release
Credit Suisse Announces Launch of its New Market Neutral Equity ETN (ticker symbol “CSMN”) linked to the HS Market Neutral Index powered by HOLT
New CSMN ETN is the first ETN providing exposure to an equity market neutral strategyCredit Suisse today announced the launch of its Equity Market Neutral ETN, the first ETN to provide exposure to an equity market neutral strategy in an exchange traded format.
The Market Neutral Equity ETN (NYSE Arca: CSMN) is the newest addition to Credit Suisse’s suite of alternative ETN products. The lineup targets the “alternatives” segment of investor portfolios by providing liquid access to some of the most popular alternative investment strategies. The CSMN ETN tracks a market neutral strategy as represented by the HS Market Neutral Index Powered by HOLT. The index is intended to achieve stable returns while reducing risk by selecting a portfolio of 75 long stocks and 75 short stocks from over 20,000 global equities. The index uses Credit Suisse’s HOLT stock selection framework which incorporates factors including value and momentum.
“We believe market neutral strategies continue to garner interest from advisors for their risk/return profile and low correlation to market conditions. By providing the first market neutral strategy in an ETN format, we are helping investors to efficiently tap into alternative investment strategies,” said Greg King, Head of Exchange Traded Products at Credit Suisse.
For more information on the Credit Suisse suite of ETN offerings, please visit: www.credit-suisse.com/etn .
The ETN may not suitable for all investors.