23 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.
Innovator Capital Management, LLC launched eight Defined Outcome ETFs. The strategies include two Quarterly Buffer ETFs, two Premium Income Buffer ETFs, four Premium Income Barrier ETFs, and. The individual solutions are as follows:
The Innovator U.S. Equity 5 to 15 Buffer ETF – Quarterly (Ticker: EALT) seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, and provide a measure of downside protection by providing a buffer from -5 per cent to -15 per cent over each three-month outcome period.
The Innovator U.S. Equity 10 Buffer ETF – Quarterly (Ticker: ZALT) seeks to track the return of the SPDR S&P 500 ETF Trust (SPY), to a cap, and provide a measure of downside protection by providing a 10 per cent buffer over each three-month outcome period.
The Innovator Premium Income 9 Buffer ETF – October (Ticker: HOCT) 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 – October (Ticker: LOCT) 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 – October (Ticker: OCTD) 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).
The Innovator Premium Income 20 Barrier ETF – October (Ticker: OCTH) 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).
The Innovator Premium Income 30 Barrier ETF – October (Ticker: OCTJ) 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 (US Equity Index).
The Innovator Premium Income 40 Barrier ETF – October (Ticker: OCTQ) 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 (US Equity Index).
Foundations Investment Advisors launched four ETFs-of-ETFs. The individual solutions are as follows:
Foundations Dynamic Core ETF (Ticker: FDCE) is an actively managed solution that invests in equity securities and other instruments with exposure to the US equity market.
Foundations Dynamic Growth ETF (Ticker: FDGR) is an actively managed solution that invests in equity securities and other instruments with exposure to the growth-focused US equity market.
Foundations Dynamic Value ETF (Ticker: FDVL) is an actively managed solution that invests in in equity securities and other instruments with exposure to the value-focused US equity market.
Foundations Dynamic Income ETF (Ticker: FDTB) is an actively managed solutions that invests in in fixed-income securities and other instruments with exposure to the US bond market.
Brandes Investment Partners launched three ETFs. These new mandates are actively managed solutions that provide investors with distinct value exposures. The individual solutions are:
The Brandes International ETF (Ticker: BINV), which seeks long-term capital appreciation by investing in equity securities of non-US issuers.
The Brandes U.S. Small-Mid Cap Value ETF (Ticker: BSMC), which seeks long-term capital appreciation by investing predominantly in equity securities of small- and mid-capitalisation U.S. companies.
The Brandes U.S. Value ETF (Ticker: BUSA), which seeks long-term capital appreciation by investing primarily in the equity securities of U.S. issuers with equity market capitalisations that exceed USD5 billion at the time of purchase.
J.P. Morgan Asset Management launched the JPMorgan U.S. Tech Leaders ETF (Ticker: JTEK). The actively managed fund targets companies that are leaders in the technology sector but have the potential for greater growth than their current prices would suggest.
Goldman Sachs launched the Goldman Sachs Small Cap Core Equity ETF (Ticker: GSC). The actively managed ETF seeks long-term capital growth by investing in small-cap equities. Goldman Sachs’ fundamental equity U.S. small-cap investment team selects holdings through an active, bottom-up approach. The team focuses on quality and strong valuation discipline.
Arch Indices launched the Arch Indices VOI Absolute Income ETF (Ticker: VWI), which tracks the Arch Indices VOI Core Absolute Income Index.
USCF launched the USCF Aluminium Strategy Fund (Ticker: ALUM), an actively managed fund seeks investment results that generally correspond over the long term to the price of aluminium. ALUM uses a methodology that seeks to provide exposure to the price of the metal through aluminium-based derivatives investments.
FundX converted two mutual funds into active ETFs, effectively launching the FundX Flexible ETF (Ticker: XFLX) and FundX Conservative ETF (Ticker: XRLX). The former provides investors with access to a portfolio of bond and total-return ETFs that adapts to changing bond markets, including changing interest rates. While the latter, actively invests in core stock funds with opportunistic exposure to total return and bond funds. The fund is designed for investors looking for the growth potential of stocks with the lower volatility of fixed income.
REX Shares launched the REX FANG & Innovation Equity Premium Income ETF (Ticker: FEPI). The solution aims to provide exposure to innovative, large-cap technology stocks along with the potential for high monthly income using a sophisticated covered call strategy.
YieldMax launched the YieldMax SQ Option Income Strategy ETF (Ticker: SQY). The actively managed ETF seeks to generate monthly income via a synthetic covered call strategy on Block Inc.
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