Ten new ETF solutions were launched for the week, each with a distinct value proposition for investors. Detailed below are the respective launches from each asset manager.
J.P. Morgan Asset Management launched their JPMorgan Active China ETF. The fund is designed to provide investors with access to a best-in-class portfolio of Chinese equities, utilizing bottom-up stock selection while being mindful of macro and policy considerations. As specified in the ETF’s prospectus, the geographic scope of the fund will be Mainland China, and includes its administrative and other districts, such as Hong Kong and Macau.
American Century launched their American Century Multisector Floating Income ETF. The fund is actively managed and aims to provide investors income, as well as long-term capital appreciation, by investing across investment grade floating rate securities in areas like collateralized loan obligations, commercial and residential mortgages, and corporate credit. As specified in the ETF’s prospectus, the fund may invest up to 35% of its portfolio in below investment grade securities.
Roundhill Investments launched their Roundhill BIG Bank ETF. Given the lack of confidence in the US regional banking sector currently, this solution will provide investors with concentrated exposure to the six largest US banks, namely, Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo.
Bitwise Asset Management launched their Bitwise Bitcoin Strategy Optimum Roll ETF. The fund provides directional exposure to bitcoin via regulated futures contracts. The ETF will utilize an optimum yield strategy to generate long-term outperformance, by selecting contracts with the highest level of backwardation or the lowest level of contango.
First Trust Advisors launched two new Buffered ETFs, each with a 12-month period outcome. The FT Cboe Vest U.S. Equity Moderate Buffer ETF and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF provide investors access to versatile risk mitigation strategies amid shifting market and economic conditions. Both ETFs seek to offer a downside buffer of 15%, with predetermined upside caps of 15.31% and 13.01%, respectively. The fund’s assets will be invested in FLexible EXchange® Options that reference the price performance of the SPDR® S&P 500® ETF.
AllianceBernstein launched three New Active Equity ETFs. Each ETF will have a distinct investment objective that investors can utilize within their portfolio. The AB US Low Volatility Equity ETF will provide lower volatility relative to the S&P 500 Index. The AB US High Dividend ETF will focus on identifying attractive U.S. companies that pay dividends and have the potential for long-term capital generation; and the AB Disruptors ETF seeks to invest in a global portfolio of equity securities of “disruptive” innovation leaders in any sector or industry.
Sprott Asset Management launched the Sprott Nickel Miners ETF. The ETF is focused on nickel mining companies that provide a mineral necessary for the clean energy transition. The ETF will track the Nasdaq Sprott Nickel Miners™ Index, which reflects the performance of a selection of global securities in the nickel industry, including nickel producers, developers, and explorers.