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US Launches sponsored by STOXX

US ETF launches from 22nd to 29th February, 2024

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There were 14 new ETF offerings launched in the US for the week, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

First Trust launched four solutions, two buffer ETFs and two actively managed fixed income ETFs. The buffer ETFs were the FT Vest U.S. Small Cap Moderate Buffer ETF – February (Ticker: SFEB) and the FT Vest U.S. Equity Enhance & Moderate Buffer ETF – February (Ticker: XFEB). The former aims to match the price return of the iShares Russell 2000 ETF, up to a redetermined upside cap of 19.28 per cent while providing a buffer against the first 15 per cent of underlying ETF losses, over the period from February 20, 2024, through February 21, 2025. The latter aims to provide approximately twice any positive price return of the SPDR S&P 500 ETF Trust, up to a predetermined upside cap of 11.02 per cent while providing a buffer against the first 15 per cent of underlying ETF losses, over the period from February 20, 2024, through February 21, 2025.

The actively managed fixed income ETFs werethe First Trust Commercial Mortgage Opportunities ETF (Ticker: CAAA) and the First Trust Structured Credit Income Opportunities ETF (Ticker: SCIO). The former will invest in commercial mortgage-backed securities with a credit rating of ‘AAA’ at the time of purchase. The portfolio will have a weighted average duration of +/- two years of the weighted average duration of the Bloomberg Non-Agency Investment Grade CMBS: US Aggregate Eligible Aaa Index. The latter fund will invest in structured credit investments and will have a weighted average duration of -1 to +6 years.

Fidelity Investments launched two ETFs, the Fidelity Fundamental Large Cap Value ETF (Ticker: FFLV) and Fidelity Low Duration Bond ETF (Ticker: FLDB).The former invests in securities of companies that the manager believes are undervalued in the marketplace in relation to factors such as the company’s assets, sales, earnings, growth potential, or cash flow, or in relation to securities of other companies in the same industry. The latter invests in medium-to-high quality investment-grade debt securities with a duration of 1-year or less.

iM Global Partner and Polen Capital will launch Polen Capital International Growth (Ticker: PCIG) and Polen Capital China Growth (Ticker: PCCE), March 8th. The former seeks to achieve long-term growth of capital by investing in a concentrated portfolio of competitively advantaged international businesses with sustainable, above-average earnings growth. The latter, aims for long-term capital growth through investment in an actively managed portfolio, primarily invested in common stock companies that have either the predominant part of their assets in, their revenues derived from, or substantial business in, the People’s Republic of China (“PRC”) and/or Hong Kong.

Mason Capital launched the Fundamental First ETF (Ticker: KNOW), which invests in domestic and foreign companies via equities and fixed income securities, limiting the weight of any single security to 5 per cent of the portfolio.

Valkyrie Investments Inc. launched the Valkyrie Bitcoin Futures Leveraged Strategy ETF (Ticker: BTFX), a leveraged Bitcoin futures ETF that seeks to provide daily investment results that corresponds generally to two-times the daily performance of the S&P CME Bitcoin Futures Index (USD) Excess Return, for a single day, not for any other period, primarily through its investments in Bitcoin futures contracts.

Xtrackers by DWS launched the Xtrackers RREEF Global Natural Resources ETF (Ticker: NRES), an actively managed fund designed to provide investors with exposure to global natural resources (GNR) companies primarily through investments in equity and equity related securities.

Swan Global Investments and Index Provider O’Shares Investments launched the Swan Enhanced Dividend Income ETF (Ticker: SCLZ). The ETF aims to provide both sustainable income and capital appreciation, via actively managed covered call-writing on a quality dividend growth stock portfolio. This unique approach combines Swan’s decades of options management expertise alongside O’Shares’ experience in creating rules-based, data-driven indexes.

YieldMax launched the YieldMax MSTR Option Income Strategy ETF (Ticker: MSTY), an actively managed solution that seeks to generate monthly income via a synthetic covered call strategy on MicroStrategy Inc.

Regan Capital launched the Regan Floating Rate MBS ETF (Ticker: MBSF), an actively managed solution that invests primarily in floating rate Agency Residential Mortgage-Backed Securities (RMBS). Agency RMBS typically offer higher yields than Treasury bonds without significant additional risk, since Agency RMBS are issued by government sponsored entities, such as Fannie Mae and Freddie Mac.

This article is sponsored by STOXX.

To view the Canadian ETF launches for February, click here

To view the Global ETF launches for February 22nd to 29th, 2024, click here.

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