Some 15 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.
BMO launched the MAX S&P 500 4x Leveraged ETNs (Ticker: XXXX), an ETN designed to offer a return linked to a four-times leveraged participation in the S&P 500 Total Return Index’s daily performance, before fees and charges.
Vanguard launched the Vanguard Core-Plus Bond ETF (Ticker: VPLS), which provides exposure to US investment-grade securities. However, VPLS will have the flexibility to add allocations in sectors beyond the U.S. investment-grade bond market. This includes US high yield corporates and emerging market debt.
CastleArk launched the CastleArk Large Growth ETF (Ticker: CARK), an actively managed ETF that targets 25-30 of the largest and most successful growth companies in the market.
CARK’s investment team identifies signs of competitive strength in durable, resilient business models that generate high and enduring returns on capital. The strategy focuses on growth companies that have achieved a sustainable competitive advantage. In addition, its managers use quantitative inputs to actively seek out the precursors to failure and to optimise risk.
National Security Index, in partnership with Tuttle Capital Management launched the National Security Emerging Markets Index ETF (Ticker: NSI). The ETF seeks to track the Alerian National Security Emerging Markets Index. Index constituents will include many well-known emerging markets companies, such as Samsung Electronics and Taiwan Semiconductor are the largest. Others in the top 10 include American Movil, MercadoLibre, and Reliance Industries.
Themes ETFs launched three new ETFs:
The Themes Airlines ETF (Ticker: AIRL) seeks to track the Solactive Airlines Index, which identifies the largest thirty airline companies by market capitalisation.
The Themes Generative Artificial Intelligence ETF (Ticker: WISE) seeks to track the Solactive Generative Artificial Intelligence Index, which identifies forty companies that derive their revenues from either Artificial Intelligence, Data Analytics & Big Data, Natural Language Processing, and Artificial Intelligence-Driven Services.
The Themes Cybersecurity ETF (SPAM) seeks to track the Solactive Cybersecurity Index, which identifies the largest thirty-five companies by market capitalisation in digital security software.
Defiance launched the Israel Bond ETF (Ticker: CHAI), which provides investors with liquid access to Israel government and corporate bonds, denominated in both USD and ILS. The fund will track the Migdal Capital Markets BlueStar Israel Bond Index.
Touchstone Investments launched the Touchstone Dynamic International ETF (Ticker: TDI), an actively managed, fully transparent solution that seeks to invest in equity securities of non-U.S. companies domiciled in both developed and emerging markets.
The strategy follows Los Angeles Capital Management’s Dynamic Alpha Stock Selection Model, an adaptive quantitative investment process that considers evolving market conditions and manages investment risk and alpha uncertainty, and weighs factors based on forward-looking expectations.
Infrastructure Capital Advisors launched the InfraCap Small Cap Income ETF (Ticker: SCAP), an actively managed solution centered around identifying and investing in small cap U.S. companies that are poised to deliver both income and growth potential, particularly those equities which in the eye of the fund’s management fall into the category of value stocks.
AllianceBernstein launched five actively managed ETFs:
The AB Conservative Buffer ETF (Ticker: BUFC) invests in a combination of exchange-traded options contracts on an underlying ETF (an ETF that seeks to track the investment results of the S&P 500 Index). The fund’s options strategy seeks to provide investors with returns based on the price return of the S&P 500, up to a cap, while providing a buffer against losses, up to a cap, of the S&P 500 over rolling three-month periods. BUFC distinguishes itself from other buffered products with option resets done on a rolling basis, a proprietary ratchet feature and dynamic first loss provision.
The AB Tax-Aware Intermediate Municipal ETF (Ticker: TAFM) invests in a portfolio of both municipal and taxable fixed income securities. TAFM seeks to maintain an effective duration of four to seven years.
The AB Tax-Aware Long Municipal ETF (Ticker: TAFL) invests in a portfolio of both municipal and taxable fixed income securities. TAFL seeks to maintain an effective duration of seven to 14 years, under normal market conditions.
The AB Corporate Bond ETF (Ticker: EYEG) invests primarily in US dollar-denominated corporate debt securities issued by US and foreign companies, including developed and emerging market debt securities.
The AB Core Plus Bond ETF (Ticker: CPLS) invests in a broad range of US Dollar-denominated debt securities, including corporate bonds and debt and mortgage- and other asset-backed securities issued by US Government-sponsored entities and federal agencies and instrumentalities that are not backed by the full faith and credit of the US Government.
Natixis Investment Managers and Gateway Investment Advisers, LLC launched the Natixis Gateway Quality Income ETF (Ticker: GQI). This actively managed, income-oriented equity ETF seeks to deliver current income while maintaining prospects for capital appreciation by combining a factor-based, quality-focused equity portfolio with the characteristics of an index-option selling overlay programme.
To view November’s Canadian launches, click here.
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