Home etfexpress.com US ETF launches from 25th April to 2nd May, 2024

US ETF launches from 25th April to 2nd May, 2024

Five 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.

Calamos Investments LLC launched the Calamos S&P 500 Structured Alt Protection ETF– May (Ticker: CPSM), which is designed to match the positive price return of the S&P 500 up to a defined cap while protecting against 100 per cent of losses over a one-year period. The outcome period will be from May 1, 2024, through April 30, 2025.

Innovator ETFs launched the Innovator International Developed Power Buffer ETF (Ticker: IMAY), an actively managed fund that aims to achieve returns similar to the iShares MSCI EAFE ETF (Ticker: EFA). IMAY invests in FLEX options referencing EFA, which in turn allocates assets to mid- and large-cap companies throughout 21 developed markets across the globe, including Europe, Australia, and Asia.

IMAY provides a buffer against the first 15 per cent of losses over the outcome period of a year. The first outcome period runs from May 1, 2024, to April 30, 2025.

Optimize Financial Inc. launched the Optimize Strategy Index ETF (Ticker: OPTZ), which tracks the Optimize Strategy Index. The index’s underlying model focuses on quality and momentum factors to select its holdings, with the aim of generating returns that exceed the broader US equity market over a full economic cycle.

First Trust Advisors L.P. launched the First Trust Bloomberg R&D Leaders ETF (Ticker: RND), which provides exposure to companies that seek to return implicit value to shareholders by reinvesting in their own growth. The fund aims to include companies that have consistently increased their research and development expenditures for at least three consecutive years and that have a meaningful portion of their sales devoted to R&D expenditures.

Allianz Investment Management launched the AllianzIM U.S. Large Cap 6 Month Buffer10 May/Nov ETF (Ticker: SIXZ) is an actively managed fund that aims to match the performance of the SPDR S&P 500 ETF Trust (Ticker: SPY). SIXZ will utilise FLEX options that reference the large-cap companies within the underlying ETF. The fund’s current outcome runs from May 1st, 2024, to October 31st, 2024; following the outcome period’s conclusion, the fund aims to purchase new assets and begin the next six-month outcome period.

This article is sponsored by STOXX.

To view the Canadian ETF launches for April, click here

To view the Global ETF launches for April 25th to May 2nd, 2024, click here.

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