Home etfexpress.com US ETF launches from 21st December to 4th January, 2024

US ETF launches from 21st December to 4th January, 2024

There were some 16 new ETF offerings launched for the period, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Texas Capital launched the Texas Capital Texas Oil Index ETF (Ticker: OILT), which tracks the Alerian Texas Weighted Oil and Gas Index. OILT’s underlying index is an economic-value weighted index of energy companies that extract oil and gas within Texas.

Exchange Traded Concepts launched the Bancreek U.S. Large Cap ETF (Ticker: BCUS), an actively managed solution that invests in equity securities of companies they think exhibit characteristics of structurally advantaged business models. The fund uses a rigorous, quantitative framework that leverages big data and high-performance computing. BCUS uses this framework to evaluate companies that it believes have the potential to compound capital over time.

KB Asset Management launched the MAST Global Battery Recycling and Production ETF (Ticker: EV), which targets companies that comprise the Indxx Global Battery Recycling and Production Index. EV invests in companies involved in the business of battery recycling and manufacturing. It also targets companies involved in the production and refining of raw materials used in batteries.

Victory Capital launched the VictoryShares Small Cap Free Cash Flow ETF (Ticker: SFLO), which tracks the Victory U.S. Small Cap Free Cash Flow Index. The underlying index includes 200 small-cap U.S. stocks selected based on a combination of data related to free cash flow and to growth characteristics. Within the index, companies are weighted based on their free cash flow and free cash flow yield.

First Trust and Cboe Vest launched the FT Cboe Vest U.S. Equity Moderate Buffer ETF – December (Ticker: GDEC) and the FT Cboe Vest U.S. Equity Buffer & Premium Income ETF – December (Ticker: XIDE). The former looks to deliver the price return of the SPDR S&P 500 ETF Trust (SPY) up to a cap of 13.31 per cent while protecting against the first 15 per cent of losses from its level as of December 18. The latter sees SPY as its reference asset. However, it targets income rather than performance. The fund aims to deliver at least 7.56 per cent in income during its outcome period. At the same time, it aims to protect up to the first 10 per cent price declines for SPY.

Cyber Hornet ETFs launched the Cyber Hornet S&P 500 & Bitcoin 75/25 Strategy ETF (Ticker: ZZZ). The fund’s strategy combines exposure to the S&P 500 Index with exposure to bitcoin futures, weighting the two assets at 75 per cent and 25 per cent of the portfolio, respectively. ZZZ’s underlying index rebalances on a monthly basis but can do so more frequently if needed when volatility is high.

PGIM Investments launched two buffer ETFs, the PGIM U.S. Large-Cap Buffer 12 ETF–January (Ticker: JANP) and PGIM U.S. Large-Cap Buffer 20 ETF–January (Ticker: PBJA). Both solutions provide investors with returns that match the price return of the SPDR S&P 500 ETF Trust up to a predetermined upside cap. The former provides downside risk protection of 12 per cent, while the latter is 20 per cent, over a one-year target outcome period.  

Innovator Capital Management launched seven ETFs: 

The Innovator Equity Defined Protection ETF (Ticker: AJAN) aims to track the return of the SPDR S&P 500 ETF Trust (SPY) to a capped level. It provides a 100 per cent downside buffer over a two-year outcome period.

The Innovator Premium Income 9 Buffer ETF (Ticker: HJAN) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, while providing a buffer against the first 9 per cent of SPDR S&P 500 ETF Trust (SPY) losses over each 12-month outcome period.

The Innovator Premium Income 15 Buffer ETF (Ticker: LJAN) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, while providing a buffer against the first 15 per cent of SPDR S&P 500 ETF Trust (SPY) losses over each 12-month outcome period.

The Innovator Premium Income 10 Barrier ETF (Ticker: JAND) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index (U.S. Equity Index), if such losses exceed the Barrier at the end of the Outcome Period.

The Innovator Premium Income 20 Barrier ETF (Ticker: JANH) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index (U.S. Equity Index), if such losses exceed the Barrier at the end of the Outcome Period.

The Innovator Premium Income 30 Barrier ETF (Ticker: JANJ) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index (U.S. Equity Index), if such losses exceed the Barrier at the end of the Outcome Period.

The Innovator Premium Income 40 Barrier ETF (Ticker: JANQ) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, subject to the losses experienced by the S&P 500 Price Return Index (U.S. Equity Index), if such losses exceed the Barrier at the end of the Outcome Period.

This article is sponsored by STOXX.

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