Home etfexpress.com US ETF launches from 13th to 20th June 2024

US ETF launches from 13th to 20th June 2024

There were 12 new ETF offerings launched for the week, each with a distinct value proposition for investors. Detailed below are the respective launches from each asset manager.

Eaton Vance launched the Eaton Vance Short Duration Income ETF (Ticker: EVSD), a conversion of an existing short-duration bond mutual fund. EVSD seeks to generate above-average returns over a three-to-five-year market cycle. It does so by investing mostly in US government securities, corporate bonds, and mortgages as well as asset-backed securities. It also invests up to 25 per cent in below-investment-grade, high-yield bonds. EVSD’s benchmark is the Bloomberg 1-5 Year US Credit Index and the fund seeks to have an average duration of three years or less.

OneAscent launched the OneAscent Small Cap Core ETF (Ticker: OASC), which aims to provide returns similar to that of the S&P SmallCap 600 Index. The index measures the small-cap segment within the greater US equity market. Companies within the index must meet specific inclusion criteria based on liquidity and financial viability.

OneAscent applies a unique screening methodology to track the index. This methodology involves the advisors scrutinising assets to seek investments that align with OneAscent’s investment philosophy.

Summit Global Investments launched the SGI Enhanced Nasdaq-100 ETF (Ticker: QXQ), an actively managed ETF that uses futures and options to provide exposure to the performance of the Nasdaq-100 Index, which it seeks to match. The ETF holds stocks in the index but also uses futures and options on the Nasdaq-100 and other indexes to enhance  the fund’s performance and income.

Invesco launched two BulletShares ETFs:

Invesco BulletShares 2032 High Yield Corporate Bond ETF (Ticker: BSJW) tracks the BulletShares USD High Yield Corporate Bond 2032 Index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, high-yield corporate bonds with effective maturities in 2032.

Invesco BulletShares 2034 Corporate Bond ETF (Ticker: BSCY) tracks the BulletShares USD Corporate Bond 2034 Index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, investment-grade corporate bonds with effective maturities in 2034.

PGIM Investments launched two buffer ETFs:

PGIM Laddered Fund Of Buffer 12 ETF (Ticker: BUFP) seeks to achieve its investment objective by providing investors with US large-cap equity market exposure through a “laddered portfolio” of twelve PGIM US Large-Cap Buffer 12 ETFs (the “Underlying ETFs”), each of which attempt to limit downside risk. The Underlying ETFs seek to provide investors with limited protection against a decline in the U.S. large-cap equity market, with an upside cap on capital appreciation in that market, over a specific period.

PGIM Laddered Fund Of Buffer 20 ETF (Ticker: PBFR) seeks to achieve its investment objective by providing investors with U.S. large-cap equity market exposure through a “laddered portfolio” of twelve PGIM US Large-Cap Buffer 20 ETFs (the “Underlying ETFs”), each of which attempt to limit downside risk. The Underlying ETFs seek to provide investors with limited protection against a decline in the U.S. large-cap equity market, with an upside cap on capital appreciation in that market, over a specific period.

BlackRock launched five ETFs; two are actively managed and three are target-date focused:

BlackRock Long-Term U.S. Equity ETF (Ticker: BELT) seeks long-term growth by investing in a high-conviction portfolio of U.S. equities. The investment team focuses on a company’s ability to sustain high returns, its reinvestment opportunity, and its ability to differentiate itself from the competition over the long term. This fundamentally driven investment process results in a concentrated portfolio of 20 to 25 positions that the investment team believes can compound growth in a way that is underappreciated by the market.

BlackRock High Yield ETF (Ticker: BRHY)  aims to maximise total return by investing primarily in non-investment grade bonds with maturities of 10 years or less. BRHY leverages the scale of BlackRock’s USD2.8 trillion fixed income platform, providing clients with unparallelled market access.

iShares iBonds Dec 2034 Term Treasury ETF (Ticker: IBTP), seeks to track the investment results of an index composed of US Treasury bonds maturing in 2034.

iShares iBonds Dec 2044 Term Treasury ETF (Ticker: IBGA), seeks to track the investment results of an index composed of US Treasury bonds maturing in 2044.

iShares iBonds Dec 2054 Term Treasury ETF (Ticker: IBGK), seeks to track the investment results of an index composed of US Treasury bonds maturing in 2054.

This article is sponsored by STOXX.

To view the Canadian ETF launches for May, click here

To view the Global ETF launches for June 13th to 20th, 2024, click here.

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