QuantShares on Wednesday announced it has licensed seven indexes in the Dow Jones U.S. Thematic Market Neutral Indexes series for individual exchange-traded funds. The ETF start-up has been planning the funds since January.

Each of the ETFs reflects the performance of long/short strategies and are designed to be both market and sector neutral.

The indexes include the Dow Jones U.S. Thematic Market Neutral Beta Index, which is long high-beta companies and short low-beta companies. As well, there is the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index, which is short high-beta companies and long low-beta companies.

“The Dow Jones U.S. Thematic Market Neutral Indexes offer a representation of sophisticated long/short strategies and provide a solid basis for a variety of alternative equity,” said Michael A. Petronella, president of Dow Jones Indexes.

To date in 2011, Dow Jones has licensed 21 indexes for ETFs, up from 19 in the same period of time in 2010. Licensees include BlackRock, State Street Global Advisors and Charles Schwab.