Home etfexpress.com US ETF launches from 21st to 28th March, 2024

US ETF launches from 21st to 28th March, 2024

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

Pacer ETFs launched the Pacer Developed Markets Cash Cows Growth Leaders ETF (Ticker: EAFG), which tracks the Pacer Developed Markets Cash Cows Growth Leaders Index, pulling the top 100 international large- and mid-cap securities in developed markets with above-average free cash flow margin from the MSCI EAFE Index.

Exchange Traded Concepts and Bancreek Capital Advisors launched the Bancreek International Large Cap ETF (Ticker: BCIL), an actively managed solution that utilizes a rigorous, quantitative framework to invest in securities of large capitalisation issuers located outside of the United States.

Global X launched the Global X Bitcoin Trend Strategy ETF (Ticker: BTRN), which tracks the CoinDesk Bitcoin Trend Indicator Futures Index, which allocates tactically to bitcoin futures and the Global X 1-3 Month T-Bill ETF (Ticker: CLIP). The fund was designed to navigate various market cycles by providing dynamic exposure to bitcoin futures on bitcoin’s current price trend.

Neuberger Berman launched the Neuberger Berman Small-Mid Cap ETF (Ticker: NBSM). The fund aims to allocate the majority of its assets to small- or mid-cap companies that have market capitalizations comparable to those of the companies included in the Russell 2000 Index or the Russell Midcap Index.Based on economic and market trends, NBSM may overweights sectors that the portfolio managers expect to overperform.

BlackRock’s iShares launched the iShares Energy Storage & Materials ETF (Ticker: IBAT). The passively managed fund invests in domestic and foreign stocks of companies operating in the energy storage space that market products or services related to the energy transition and the production of things like hydrogen, fuel cells, and batteries. The fund tracks the STOXX Global Energy Storage and Materials Index.

Avantis Investor launched the Avantis® Emerging Markets ex-China Equity ETF (Ticker: AVXC), an actively managed fund covering emerging market equities that excludes China’s stocks. The fund overweights stocks demonstrating strong value and profitability characteristics.

Eagle Capital Management launched the Eagle Capital Select Equity ETF (Ticker: EAGL), an actively managed, concentrated portfolio of primarily large-cap companies selected using Eagle Capital’s time-tested investment philosophy and disciplines. The ETF seeks to generate investment returns superior to U.S. equity markets. The benefits of the ETF may include but aren’t limited to, its simplicity, liquidity, potential for greater tax efficiency, and ease of use in asset allocation.

Inspire Investing launched the Inspire 500 ETF (Ticker: PTL), which tracks the Inspire 500 Index comprised of the largest 500 companies in the United States by market capitalization with positive biblical values alignment as determined by Inspire Impact Scores greater than or equal to zero.

Invesco launched the Invesco S&P SmallCap 600 GARP ETF (Ticker: GRPZ). The fund is benchmarked to the S&P SmallCap 600 GARP Index. t ultimately includes 90 holdings that it selects based on their exposure to the quality, value and growth factors as determined by a scoring system that incorporates relevant data. The index methodology then weighs the component companies based on their growth scores,

First Trust launched the FT Vest Dow Jones Internet & Target Income ETF (Ticker: FDND) and FT Vest U.S. Equity Buffer & Premium Income ETF – March (Ticker: XIMR). The former combines exposure to the performance of the First Trust Dow Jones Internet Index Fund (FDN), with an income strategy that looks to provide income that represents at least the annual dividend yield of the Nasdaq-100 Index plus 8%. The options strategy involves selling call options on the Nasadaq-100 Index to achieve FDND’s income goals. The latter offers exposure to the price performance of the SPDR S&P 500 ETF Trust (Ticker: SPY) over a one-year outcome period, providing protection against the first 10% of downside performance.

Morgan Stanley Investment Management converts two mutual funds Into Active ETFs. The Eaton Vance Total Return Bond ETF (Ticker: EVTR) and the Eaton Vance Short Duration Municipal Income ETF (Ticker: EVSM) were both converted from existing mutual funds into the ETF wrapper.   

EVTR seeks total return and invests the majority of its net assets into fixed-income securities. The fund aims to invest in a varied mix of securities, these include corporate, municipal, U.S. government, and asset-backed securities, among others.

EVSM seeks to provide current income exempt from regular federal income tax. The fund provides diversified exposure to the municipal bond market, spanning municipal sectors, states, and credit tiers, while seeking to maintain a duration of less than three years.

This article is sponsored by STOXX.

To view the Canadian ETF launches for March, click here

To view the Global ETF launches for March 21st to 28th, 2024, click here.

newETFs.io respects the hard work of others and gives all credit to the remarkable folks at ETFexpress.com. This excerpt/article was pulled from their RSS feed; click here to view the original. Please note that on occasion, the RSS feed will not have the author. When this happens this site defaults the author to "News". Make no mistake, this excerpt/article was not created by newETFs.io, it was simply shared with you.