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.
Roundhill Investments launched the Roundhill BIG Tech ETF. The fund will provide investors with concentrated exposure to the largest and most influential US technology companies, namely Meta Platforms, Amazon, Apple, Microsoft, and Alphabet. The launch of Roundhill’s BIG Tech ETF is a continution of the firm’s BIG fund family, as they launched the BIG Bank ETF in March 2023 and have stated their intention to launch the Roundhill Big Airlines ETF and the Roundhill Big Defense ETF in the coming weeks.
VanEck launched the VanEck Robotics ETF. The thematic focused fund will provide exposure to leading global companies that are driving and benefiting from the growth of the robotics industry. The fund will track the MarketVector Index’s BlueStar Robotics Index, which requires companies to derive at least 50% of their revenues from robotics related business activities.
Capital Group has announced the launch of three new ETFs, Capital Group World Dividend Growers ETF, Capital Group Core Balanced ETF, and Capital Group International Equity ETF. The Capital Group World Dividend Growers ETF will invest primarily in dividend-paying companies that provide combinations of current yield and dividend growth over the long term. The fund’s assets will be concentrated among a select grouping of companies and its geographic scope will be global in nature. The Capital Group Core Balanced ETF is a balanced solution that will utilize a combination of equity securities, debt securities and money market instruments to fulfill its investment objective. A multi-manager approach will be employed in managing the fund, allowing each asset class sleeve to be overseen by a distinct manager. Finally, the Capital Group International Equity ETF will invest in non-US equities, focusing primarily on companies that are growth-oriented, resilient to market declines, have a strong management team in place, and are participating in growing market segments.
