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US Launches sponsored by STOXX

US launches from 14th to 21st March, 2024

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There were 13 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.

ProShares launched the Nasdaq-100 High Income ETF (Ticker: IQQQ), which tracks the performance of the Nasdaq-100 Daily Covered Call Index. IQQQ gains exposure to the sale of daily call options using swap agreements and does not trade options.

OT Advisors launched the Opportunistic Trader ETF (Ticker: WZRD), an actively managed solution that seeks to generate returns by taking advantage of short-term opportunities. The manager employs a top-down approach to seek to identify such opportunities, considering broad economic trends and geopolitical events.

BondBloxx partnered with Income Research + Management (IR+M) to launch the BondBloxx IR+M Tax-Aware Short Duration ETF (Ticker: TAXX). This actively managed solution will invest in a diversified portfolio of US dollar-denominated municipal and taxable short duration fixed income securities that offer relatively attractive after-tax income.

Hartford Funds launched the Hartford Multifactor International Small Company ETF (Ticker: ROIS). The small-mid cap value ETF seeks to improve diversification compared to traditional market-cap weighted index benchmarks, exploring exposure to return-enhancing factors such as reduced volatility, relative sector, country and size constraints and momentum. The solution will benefit from the large and inefficient opportunity set within international small cap securities, offering investors exposure to Value, Momentum and Quality while seeking to achieve reduced volatility.

iM Global Partner and Polen Capital launched two solutions, the Polen Capital International Growth (Ticker: PCIG) and Polen Capital China Growth (Ticker: PCCE). The former invests in a concentrated portfolio of competitively advantaged international businesses with sustainable, above-average earnings growth, while the latter invests 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.

The two international ETFs can enhance a portfolio’s diversification, providing exposure to what the firm sees as sustainable growth business in international markets and China.

iShares by Blackrock launched two ETFs, the iShares Russell 2000 BuyWrite ETF (Ticker: IWMW) and iShares S&P 500 BuyWrite ETF (Ticker: IVVW). The former seeks to track the investment results of an index that reflects a strategy of holding the iShares Russell 2000 ETF while selling (i.e. writing) one-month call options to generate income, while the latter seeks to track the investment results of an index that reflects a strategy of holding the iShares Core S&P 500 ETF while selling one-month call options to generate income.

WisdomTree launched two laddered ETF solutions, the WisdomTree 1-3 Year Laddered Treasury Fund (Ticker: USSH) and WisdomTree 7-10 Year Laddered Treasury Fund (Ticker: USIN). The former provides targeted exposure to recently issued U.S. Treasury securities with maturities between one and three years, it will track the Bloomberg US Treasury 1-3 Year Laddered Index. Whereas the latter provides targeted exposure to recently issued U.S. Treasury securities with maturities between seven and ten years, it will track the Bloomberg US Treasury 7-10 Year Laddered Index.

GraniteShares launched three leveraged single stock ETFs:

GraniteShares 2x Long AMD Daily ETF (Ticker: AMDL), which seeks daily investment results of two times (200 per cent) the daily percentage change of the common stock of Advanced Micro Devices, Inc., (NASDAQ: AMD).

GraniteShares 2x Long AMZN Daily ETF (Ticker: AMZZ), which seeks daily investment results of two times (200 per cent) the daily percentage change of the common stock of Amazon, (NASDAQ: AMZN).

GraniteShares 2x Long MSFT Daily ETF (Ticker: MSFL), which seeks daily investment results of two times (200 per cent) the daily percentage change of the common stock of Microsoft, (NASDAQ: MSFT).

This article is sponsored by STOXX.

To view the Canadian ETF launches for February, click here

To view the Global ETF launches for March 14th to 21st, 2024, click here.

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