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US ETF Launches from 18th to 25th May, 2023


Nine 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.

Putnam Investments launched the Putnam Emerging Markets ex-China ETF. The new actively managed, transparent ETF focuses on emerging market companies, excluding investments in China and Hong Kong. The fund will focus on emerging market companies considered to have a durable competitive advantage, strong balance sheets, and a potential for above-average profitability.

Roundhill Investments launched the Roundhill Generative AI & Technology ETF. The actively managed ETF targets global companies at the forefront of artificial intelligence technology, with a focus on generative AI. This includes companies that either pave the way for AI’s growth or directly create the tools that bring this technology to market.

Generative AI uses neural networks to generate new data that is similar in structure and format to existing data. It can create entirely new data through algorithms that learn to recognise patterns and relationships within large datasets. As a result, the AI system can generate new content or ideas that are similar in style or format. Roundhill’s research indicates that generative AI could surpass USD120 billion of enterprise software sales in 10 years.

Euclidean Technologies launched the Euclidean Fundamental Value ETF. The actively managed fund invests in US stocks across all sectors, excluding financials, that the manager believes are undervalued. Using research machine learning applications, Euclidean Technologies has developed a set of models that estimates the intrinsic value of companies. The models will also simultaneously identify inexpensive stocks that are likely to underperform. The ETF uses these models to systematically construct and manage a portfolio of high-quality value stocks.

CNIC Funds, LLC in partnership with Tidal Financial Services, LLC launched the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF. The ETF leverages an electricity futures contract methodology to track the broad U.S. electricity market on a carbon neutral basis. Positioned as, “the first commodity-based carbon neutral ETF that seeks to provide inflation mitigation and portfolio diversification” by the managing firm, the fund will track the performance of the ICE U.S. Carbon Neutral Power Index.

Parabla LLC launched the Parabla Innnovation ETF. The actively managed fund seeks long-term growth from U.S. exchange-listed issuers engaged in developmental, disruptive, scaling, and/or refining innovation.

BlackRock launched two actively managed ETFs, the BlackRock Large Cap Value ETF and BlackRock Flexible Income ETF. The former seeks to maximise total return by investing in U.S. equities typically found in the Russell 1000 Value Index, while the latter aims to deliver long-term income by primarily allocating to harder-to-reach fixed income sectors, such as high yield, emerging markets debt, and securitized assets.

First Trust Advisors launched the FT Cboe Vest U.S. Small Cap Moderate Buffer ETF, the latest addition to First Trust’s suite of Target Outcome ETFs. The ETF seeks an outcome that provides investors with returns that match the price return of the iShares Russell 2000 ETF (“IWM” or “underlying ETF”), up to a predetermined upside gross cap of 17.76 per cent, while providing a buffer against the first 15 per cent of potential losses over a 12-month period.

Qraft Technologies launched the QRAFT AI-Pilot U.S. Large Cap Dynamic Beta and Income ETF, an AI-powered risk-managed solution actively managed by artificial intelligence. The ETF leverages Qraft’s AI-powered risk model to account for over 70 macro and market data sets. The model assesses factors like momentum, volatility, and correlation as a means of adjusting the fund’s equity exposure; to reduce the impact of drawdowns.

Qraft Technologies is an invest-tech company developing artificial intelligence investing solutions backed by SoftBank.

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