There were 10 new ETF offerings launched for the week, each with a distinct value proposition for investors. Detailed below are the respective launches from each asset manager.
First Trust launched three buffer ETFs.
The FT Cboe Vest U.S. Equity Moderate Buffer ETF – November (Ticker: GNOV) looks to deliver the price return of the SPDR S&P 500 ETF Trust (Ticker: SPY), but caps upside performance at 14.27 per cent before expenses and protects against the first 15 per cent of losses for a one-year period. The FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF – November (Ticker: XNOV) has a similar investment premise to GNOV but has an upside cap of 11.30 per cent.
Finally, the FT Cboe Vest U.S. Small Cap Moderate Buffer ETF – November (Ticker: SNOV), aims to deliver the price return of the iShares Russell 2000 ETF (Ticker: IWM) with an upside cap of 17.92 per cent while protecting the investor from the first 15 per cent of losses.
YieldMax launched the YieldMax AI Option Income Strategy ETF (Ticker: AIYY). The fund will generate monthly income via a synthetic covered call strategy on C3.ai Inc. (Ticker: AI), an enterprise AI software provider for building enterprise-scale AI applications and accelerating digital transformation.
Counterpoint Funds launched the Counterpoint Quantitative Equity ETF (Ticker: CPAI). The ETF seeks long-term capital appreciation by investing in individual stocks that have exposure to multiple factors. These stocks are among the highest-ranking stocks to hold, as determined by quantitative models and artificial intelligence.
Macquarie Asset Management has launched three actively managed ETFs.
The Macquarie Global Listed Infrastructure ETF (Ticker: BILD) seeks capital growth and income through opportunities in global infrastructure. BILD takes a disciplined security selection process that emphasises valuation, quality, and sustainability.
The Macquarie Energy Transition ETF (Ticker: PWER) balances rising energy demand with a focus toward lowering greenhouse gas emissions. Its investment process focuses on identifying responsible energy producers and transition enablers.
The Macquarie Tax-Free USA Short Term ETF (Ticker: STAX) seeks attractive levels of federal tax-exempt income through munis with less sensitivity to rates. The fund follows a risk-managed, research-driven philosophy emphasising income.
Hilton Capital Management launched the Hilton Small-Midcap Opportunity ETF (Ticker: SMCO). The Fund seeks to identify stocks whose current market prices do not accurately reflect the managers’ estimate of their fundamental earnings potential. While the “SMCO process” is value oriented this actively managed Fund seeks to invest in equities throughout the spectrum encompassing value, growth, and core stocks.
White Wolf Capital Advisors launch the WhiteWolf Publicly Listed Private Equity (Ticker: LBO). The actively managed fund will invest in securities of U.S. publicly listed private equity companies. The Fund defines “listed private equity companies” as Leverage Finance Providers and Buyout Firms, Sponsors, and Asset Managers that are listed and traded on a US national securities exchange. Leverage Finance Providers include Business Development Companies (BDCs), finance companies, and direct lenders. Buyout Firms, Sponsors, and Asset Managers include companies whose principal business is to invest in or lend capital to privately held companies.
To view November’s Canadian ETF launches, click here.
To view this week’s global launches, click here.