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US ETF Launches from 10th to 17th August, 2023

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There were 10 new ETF offerings for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Strive Asset Management launched two actively managed fixed income solutions, the Strive Enhanced Income Short Maturity ETF and the Strive Total Return Bond ETF. The former is an ultra-short bond fund with a duration of one year or less seeking to provide enhanced income while minimising price volatility, while the latter provides core fixed income exposure seeking to maximise total return over a full market cycle.

Tuttle Capital Management launched the Laffer Tengler Equity Income ETF, an actively managed solution that targets high-quality, large-cap domestic stocks that offer strong earnings and the opportunity for significant dividend income. The fund will have between 25 to 35 equities selected based on their relative dividend yield and relative price-to-sales ratio.

Validus Risk Management launched the Cboe Validus S&P500 Dynamic PutWrite Index, which tracks an index that represents the performance of put options written on the S&P 500 Index, intending to outperform the total return of the S&P 500 with less volatility and downside performance.

First Trust launched two actively managed target income etfs, the FT Cboe Vest SMID Rising Dividend Achievers Target Income ETF and FT Cboe Vest Technology Dividend Target Income ETF. The former mainly invests in the First Trust SMID Cap Rising Dividend Achievers ETF or its holdings while seeking to provide distributions that exceed the dividend yield of the Russell 2000 Index by 8 per cent. It does this by writing options on the Russell 2000.

The latter invests in the First Trust NASDAQ Technology Dividend Index Fund and its holdings and looks to provide 8 per cent more distributions than the Nasdaq-100 Index. It does this by writing options on the Nasdaq-100.

Madison Investments launched the Madison Dividend Value ETF, an active income-oriented fund. The fund focuses on high-quality companies with strong balance sheets and durable competitive advantages to help manage risks. Additionally, the fund will aim to identify stocks with relative dividend yields within the top 25 per cent of their historic range.

Tema ETFs launched two actively managed thematic solutions, the Tema Global Royalties ETF and Tema Oncology ETF. The former will focus on companies that earn at least 80 per cent of their revenue from royalty income, royalty-related income, and intellectual property income. Regarding the latter, the fund will focus on companies that derive at least 50 per cent of revenues from oncology. Companies of focus will include large pharmaceutical firms, diagnostic focused businesses with products used to diagnose cancer (such as liquid biopsies or cancer genomic screening), medical device companies focused on cancer treatment, and healthcare service providers with a specific strategic focus on helping treat and manage cancer.

GraniteShares launched the GraniteShares Nasdaq Select Disruptors ETF. The new fund is a repositioning of a previous mandate, GraniteShares XOUT U.S. Large Cap ETF. With this rebranding and strategy change, the new fund will track the Nasdaq US Large Cap Select Disruptors Index, which is designed to provide exposure to some of the most disruptive companies in the US market.

To be included in the index, stocks are ranked and selected using a multi-factor scoring model to capture ‘disruption’ across all three stages of the business lifecycle (Infancy, Expansion & Maturity). The index includes 50 companies with the highest ‘Disruption Scores’ among US large cap stocks.

To see this week’s Global launches please click here.

To see July’s Canadian launches please click here.

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