Home etfexpress.com US ETF launches from 19th October to 26th October 2023

US ETF launches from 19th October to 26th October 2023

20 new ETF offerings were launched for the week, each with a distinct value proposition for investors. 

BlackRock launched 10 target date ETFs. Dubbed the iShares LifePath Target Date ETFs, these solutions invest in a broad portfolio of underlying iShares ETFs. They are designed to help investors stay on the path to retirement by adjusting over time. This means taking more risk early on and gradually becoming more conservative as the target retirement date approaches. At the target retirement date, the ETFs are expected to transition into the iShares Target Retirement ETF. The 10 newly launched funds are:

iShares LifePath Target Date 2025 ETF (Ticker: ITDA), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2025.

iShares LifePath Target Date 2030 ETF (Ticker: ITDB), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2030.

iShares LifePath Target Date 2035 ETF (Ticker: ITDC), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2035.

iShares LifePath Target Date 2040 ETF (Ticker: ITDD), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2040.

iShares LifePath Target Date 2045 ETF (Ticker: ITDE), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2045.

iShares LifePath Target Date 2050 ETF (Ticker: ITDF), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2050.

iShares LifePath Target Date 2055 ETF (Ticker: ITDG), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2055.

iShares LifePath Target Date 2060 ETF (Ticker: ITDH), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2060.

iShares LifePath Target Date 2065 ETF (Ticker: ITDI), a diversified portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets around the year 2065.

iShares LifePath Retirement ETF (Ticker: IRTR), a diverse portfolio of stock and bond ETFs designed for investors expecting to retire or begin withdrawing assets in the near future.

Morgan Stanley Investment Management launched 5 new active ETFs, each with a distinct investment focus.

Parametric Equity Premium Income ETF (Ticker: PAPI), will seek to deliver consistent and sustainable monthly income while participating in most market appreciation. It combines a diversified, dividend-focused equity portfolio with selling call options on the SPDR S&P 500 ETF Trust (SPY). The strategy is expected to generate additional yield in a tax-efficient manner.

Parametric Hedged Equity ETF (Ticker: PHEQ) combines a US large-cap equity portfolio with an option overlay hedge to reduce portfolio volatility. The hedged equity strategy seeks to provide investors with capital appreciation while incorporating downside protection.

Eaton Vance High Yield ETF (Ticker: EVHY), provides exposure to an actively managed, high yield portfolio, which focuses exposure to the higher quality portion of the high yield universe (primarily BB-rated and B-rated issuers).

Eaton Vance Intermediate Municipal Income ETF (Ticker: EVIM) provides diversified core exposure to the municipal bond market, spanning municipal sectors, states and credit tiers, while seeking to generate income exempt from regular federal income tax.

Eaton Vance Ultra-Short Income ETF (Ticker: EVSB) provides exposure to a to a diversified portfolio of investment grade, short-term fixed, variable and floating-rate income-producing securities, managed to an overall portfolio duration of one year or less.

Rex Shares and Tuttle Capital Management launched four new ETFs that use either leveraged or inverse exposure to the performance of a Tesla and Nvidia. 

T-REX 2X Long Tesla Daily Target ETF (Ticker: TSLT), aims to magnify (2x) the daily performance of the publicly traded common stock of Tesla, Inc. (NASDAQ: TSLA).

T-REX 2X Inverse Tesla Daily Target ETF (Ticker: TSLZ) seeks daily investment results, that correspond to two times the inverse (-2x) of the daily performance of Tesla, Inc. (NASDAQ: TSLA).

T-REX 2X Long NVIDIA Daily Target ETF (Ticker: NVDX) aims to magnify (2x) the daily performance of the publicly traded common stock of NVIDIA Corp. (NASDAQ: NVDA).

T-REX 2X Inverse NVIDIA Daily Target ETF (Ticker: NVDQ) seeks daily investment results, that correspond to two times the inverse (-2x) of the daily performance of NVIDIA Corp. (NASDAQ: NVDA).

YieldMax launched the YieldMax MRNA Option Income Strategy ETF (Ticker: MRNY), which seeks to generate monthly income via a synthetic covered call strategy on Moderna, Inc. (MRNA).

This article is sponsored by STOXX.

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