Some13 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.
AZTLAN Equity Management launched the Aztlan North America Nearshoring Stock Selection ETF (Ticker: NRSH), which invests in North America-based stocks that directly benefit from the nearshoring phenomenon. The fund will track the Aztlan North America Nearshoring Index, which consists of at least 30 North American companies from three subindustries: industrial real estate; storage and warehousing logistics; and transportation logistics.
Goldman Sachs Asset Management launched two ETF solutions, the Goldman Sachs MarketBeta Russell 1000 Growth Equity ETF (Ticker: GGUS) and Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (Ticker: GVUS). The former invests in large- and midcap U.S. growth stocks, replicating the Russell 1000 Growth 40 Act Daily Capped Index. The latter focuses on large- and midcap U.S. value stocks, replicating the Russell 1000 Value 40 Act Daily Capped Index’s performance.
Innovator ETFs launched the Innovator International Developed Power Buffer ETF – December (Ticker: IDEC), a defined outcome ETF that tracks the return of the iShares MSCI EAFE ETF (Ticker: EFA). The ETF will buffer against the first 15 per cent of losses and can be held indefinitely, resetting at the end of each outcome period, approximately annually.
SP Fund launched the SP Fund S&P Global Technology ETF (Ticker: SPTE). The new solution is part of a suite of Sharia-Compliant ETFs. SPTE will invest in large-and midcap global technology companies, focusing on firms within the artificial intelligence, e-commerce, cloud computing, and healthcare space. The fund will track the S&P Global 1200 Shariah Information Technology (Sector) Capped index.
Harbor Capital Advisors launched the Harbor Long-Short Equity ETF (Ticker: LSEQ), a liquid alternative solution in an ETF wrapper. The fund will allow for both long and short equity positions, which are weighted based on subadvisor Disciplined Alpha’s macro regime analysis. The fund’s next exposure will range from 40% to 60% long equity, however, net equity exposure at times may be up to 150% long. The fund’s investment universe is the Russell 1000 Index, including only U.S. mid and large-cap stocks.
Vert Asset Management launched the Vert Global Sustainable Real Estate ETF (Ticker: VGSR), which was previously a mutual fund. The fund will focus on the real estate sector, specifically investing in companies that reflect strong ESG characteristics. The fund is sub-advised by Dimensional Fund Advisors LP.
SS&C ALPS Advisors launched the ALPS Smith Core Plus bond ETF (Ticker: SMTH). The actively managed solution will invest in a diverse offering of fixed income types, namely, government debt offerings, corporate bonds, commercial and residential mortgage-backed securities. The fund will target a weighted average effective duration within 40% of the current effective duration of the Bloomberg U.S. Aggregate Bond Index.
Return Stacked ETFs launched the RSSB Global Stocks & Bonds ETF (Ticker: RSSB). At its core, return stacking is the idea of layering one investment return on top of another, achieving more than $1.00 of exposure for each $1.00 invested. The Fund seeks long-term capital appreciation by investing in two complimentary investment strategies: a Global Equity strategy and a U.S. Treasury Futures strategy. For every $1 invested, the Fund attempts to provide $1 of exposure to its Global Equity strategy and $1 of exposure to its U.S. Treasury Futures strategy.
Hartford Fund launched two ETFs, the Hartford US Quality Growth ETF (Ticker: HQGO) and Hartford US Value ETF (Ticker: VMAX). The former will provide efficient quality-biased exposure to the US large-cap growth equity market, while the latter will focus on the US large-cap value equity market. The underlying index for each fund is Hartford US Quality Growth Index and Hartford US Value Index, respectively.
Invesco launches two new ETFs, the Invesco S&P High Dividend Growers ETF (Ticker: DIVG) and Invesco Nasdaq Free Cash Flow Achieves ETF (Ticker: QOWZ). The former provides exposure to companies in the S&P 500 that have both historically offered consistent (or growing) dividends and the highest forecasted dividend yield growth, while the latter focuses on U.S.-listed companies that have had positive free cash flow in each of the past 11 years, without prioritising free cash flow yield.
DIVG will track the S&P 500 High Dividend Growth Index, QQW will track the Nasdaq US Free Cash Flow Achievers Index.
To view this week’s global ETF launches, click here.
To view November’s Canadian ETF launches, click here.