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US ETF Launches from 30th March to 6th April, 2023


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.

UBS launched the ETRACS Solactive Whitney US Critical Technologies ETN, as part of the bank’s ETRACS platform of ETNs. The fund is designed to provide unleveraged long exposure to the performance of the Solactive Whitney U.S. Critical Technologies CNTR Index, a market-cap weighted index designed to track large- and mid-cap companies in developed markets associated with critical technology sectors that meet a minimum “geopolitical risk rating score.”

Summit Global Investments launched two new mandates, the SGI Dynamic Tactical ETF and SGI U.S. Large Cap Core ETF. The former is a tactical ETF looking for long-term capital appreciation focused on mitigating risk. The investment strategy of the ETF is to utilise fundamental and quantitative signals to identify weaknesses within various asset classes or sectors; and tactically alternate allocations among the underlying securities to achieve lower volatility than the S&P 500. The latter ETF offerings is an actively managed solution designed to help investors achieve market exposure while providing cross-correlation diversification and fundamental downside risk management.

Innovator Capital Management launched the Innovator Premium Income Barrier ETFs, a of suite four new income-focused solutions that offer fixed rates of high income with protective barriers against decline in the S&P 500 over a one-year period. Similar to other recently launched structured product offerings, these solutions will invest in FLexible EXchange Options (“FLEX Options”) that reference the S&P 500 Price Return Index and in U.S. Treasury bills to employ an income-oriented defined outcome strategy.

Blackrock launched the iShares Breakthrough Environmental Solutions ETF. The ETF is designed to enable investors to have pure-play exposure to high-conviction and emergent environmental technologies in the early stages of adoption. Specifically, the strategy targets innovations that can be classified into one of the following eight themes: energy efficiency, green buildings, green transportation, pollution prevention and reduction, renewable energy, water, resource efficiency, and sustainable agriculture.

Allianz Investment Management launches three new buffered ETFs. Two of the three ETFs will have a 12-month outcome period, the AllianzIM U.S. Large Cap Buffer10 Apr ETF and AllianzIM U.S. Large Cap Buffer20 Apr ETF, whereas the third, the AllianzIM U.S. Large Cap 6 Month Buffer10 Apr/Oct ETF, will have a six-month outcome period.

DoubleLine has launched two actively managed fixed income ETFs, the DoubleLine Mortgage ETF and DoubleLine Commercial Real Estate ETF. The former invests primarily in high-quality residential mortgage-backed securities (RMBS), allocating between government-backed agency mortgage-backed securities (MBS) and non-agency MBS, whereas the latter will invest in senior commercial real estate debt through investment-grade commercial mortgage-backed securities (CMBS) and employ active management through security selection across commercial real estate (CRE) property types and subsectors while maintaining a low level of interest rate risk.

The DWS Group launched the Xtrackers MSCI USA Climate Action Equity ETF, a solution focused on gaining exposure to companies leading the way towards a low-carbon economy.The ETF will track the MSCI USA Climate Action Index, which is comprised of large- and mid-cap companies in the U.S. seen as leading their sector peers in taking actions relating to climate transition.

Teucrium Launches AiLA Long-Short Base Metals Strategy ETF. The ETF seeks to track the AiLA-S022 index, a strategy holding both long and short positions in base metals futures contracts listed on the Chicago Mercantile Exchange (CME) and the London Metals Exchange (LME). The ETF will hold both long and short positions in aluminum, copper, lead, nickel, tin, and zinc.

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