Credit Suisse has rolled out the first exchange-traded note (ETN) that gives exposure to an equity market-neutral strategy. This is the fifth U.S.-listed ETN from Credit Suisse.

The Equity Market Neutral ETN tracks a market-neutral strategy as represented by the HS Market Neutral Index Powered by HOLT. The index is aimed at achieving stable returns with lower risk by selecting a portfolio of 75 long stocks and 75 short stocks from more than 20,000 global equities.

Click here for the release from PR Newswire.