25 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.
BlackRock launched the BlackRock Advantage Large Cap Income ETF (Ticker: BALI), an actively managed solution that seeks to generate consistent income with lower volatility than the broader U.S. equity market. The fund’s income generation will stem from rom both U.S. dividend-paying stocks and option premiums from selling call options on the S&P 500.
Brookstone Capital Management launched eight actively managed ETFs, each with a distinct valuation proposition; they are as follows:
Brookstone Dividend Stock ETF (Ticker: BAMD), an income-oriented solution that invests primarily in high-quality dividend-oriented stocks that are either priced below their fundamental fair value or are reasonably priced.
Brookstone Growth Stock ETF (Ticker: BAM), invests primarily in high-quality growth-oriented stocks that are either priced below their fundamental fair value or are reasonably priced.
Brookstone Value Stock ETF (Ticker: BAMV), invests primarily in high-quality value-oriented stocks that are either priced below their fundamental fair value or are reasonably priced.
Brookstone Intermediate Bond ETF (Ticker: BAMB) will invest primarily in U.S. Treasuries and investment grade corporate bonds with a 0–10-year maturity range. The fund’s duration will be around 5 years.
Brookstone Ultra-Short Bond ETF (Ticker: BAMU) seeks to generate a high and sustainable level of current income and liquidity by investing in ultra-short term U.S. Treasury investment grade corporate bonds with a 0–2-year maturity range.
Brookstone Active ETF (Ticker: BAMA) is a globally oriented solution, capable of investing in stocks, bonds, and cash-equivalents in a combination determined by the manager, based on prevailing market conditions and their proprietary research. Under normal market conditions, the Fund expects to allocate between 40-80% in stocks.
Brookstone Opportunities ETF (Ticker: BAMO) will invest in stocks, bonds, and cash-equivalents at the discretion of the manager, with the goal of being flexible to a wide variety of market conditions while pursuing the Fund’s investment objective.
Brookstone Yield ETF (Ticker: BAMY) is an income-oriented solution that will invest in a diverse offering of asset types, including dividend paying stocks, preferred stocks, non-investment grade bonds and derivative instruments.
Capital Group launched five actively managed ETFs, each with a distinct valuation proposition; they are as follows:
Capital Group Core Balanced ETF (Ticker: CGBL) provides a balanced approach to total return consistent with the preservation of capital over the long term.
Capital Group Core Bond ETF (Ticker: CGCB) provides as high a level of current income as is consistent with the preservation of capital.
Capital Group Short Duration Municipal Income ETF (Ticker: CGSM) provides current income exempt from regular federal income tax, consistent with a short-duration profile.
Capital Group Dividend Growers ETF (Ticker: CGDG) provides long-term total returns.
Capital Group International Equity ETF (Ticker: CGIE) provides prudent growth of capital and conservation of principal.
J.P. Morgan Asset Management launched the JPMorgan Hedged Equity Laddered Overlay ETF (Ticker: HELO), an actively managed hedged equity ETF that invests in U.S. large-cap equities with a laddered options overlay.
Avantis Investors launched the Avantis U.S. Large Cap Equity ETF (Ticker: AVLC). The fund will focus on companies that are expected to have higher returns by placing emphasis on stocks with higher profitability and value characteristics. Conversely, it seeks to underweight or exclude securities with lower levels of profitability and less attractive value characteristics.
ProShares launched three cryptocurrency ETFs, the ProShares Ether Strategy ETF (Ticker: EETH) which targets the performance of the cryptocurrency ether. It is the first ETF to seek results that correspond to the performance of ether. Ether, the native currency of the Ethereum platform, is the second largest cryptocurrency.
The additional two ETFs are, the ProShares Bitcoin & Ether Equal Weight Strategy ETF (Ticker: BETE) and ProShares Bitcoin & Ether Market Cap Weight Strategy ETF (Ticker: BETH). The former looks to provide a performance that corresponds to a blended return of bitcoin and ether; it will rebalance monthly to a 50/50 weighting between the two cryptocurrencies. The latter will employ a similar investment strategy, but will rebalance monthly based on the market capitalisation of bitcoin and ether.
Bitwise Asset Management launched two Ethereum-Themed ETFs. The Bitwise Ethereum Strategy ETF (Ticker: AETH) invests in regulated Chicago Mercantile Exchange (CME) ether futures focused on front-month contracts. The Bitwise Bitcoin and Ether Equal Weight Strategy ETF (Ticker: BTOP) provides equal exposure to regulated CME bitcoin futures and CME ether futures.
VanEck launched the VanEck Ethereum Strategy ETF (Ticker: EFUT), an actively managed ETF that seeks capital appreciation by investing in ether futures contracts.
Zacks Investment Management launched the Zacks Small and Mid-Cap ETF (Ticker: SMIZ), an actively managed solution that utilises quantitative screening and qualitative analysis to construct a portfolio compromised of small and mid-cap companies.
Sovereign’s Capital launched the Sovereign’s Capital Flourish Fund (Ticker: SOVF). The focus of the fund is “companies with faith-driven CEOs who develop exceptional corporate cultures that seek outperformance and enable employees to flourish’. The fund will reflect U.S. companies of all market caps and industries, and a mix of value and growth companies.
Calamos Investments launched the Calamos Convertible Equity Alternative ETF (Ticker: CVRT), an actively managed solution that provides investors with targeted access to equity-sensitive convertible debt securities.
This article is sponsored by STOXX.
To view September’s Canadian launches, click here
To view this week’s Global ETF launches, click here.
