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US Launches sponsored by STOXX

US ETF launches from 28th March to 4th April, 2024

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10 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 U.S. Industry Rotation ETF (Ticker: INRO), an actively managed solution that seeks positive industry exposure by utilising a rotation strategy. The rotation strategy will focus on five factors: value, quality metrics, analyst expectations, industry trends, and the current economic cycle.

The fund will invest assets into equity securities listed in the U.S. market and derivatives with similar features. The benchmark for the fund is the MSCI USA Index.

Keating Investment Counsellors Inc. launched Keating Active ETF (Ticker: KEAT), an actively managed solution that invests in companies based on the fundamental research conducted by Keating Investment Counsellors, Inc. The fund invests primarily in US-listed equity securities, including common stock, preferred stock, REITs, American Depositary Receipts, and Global Depositary Receipts. KEAT can also invest in other ETFs to achieve international exposure as needed.

First Trust launched the FT Vest U.S. Equity Max Buffer ETF – March (Ticker: MARM). The fund seeks an outcome that provides investors with returns that match the price return of the SPDR S&P 500 ETF Trust (Ticker: SPY), up to a predetermined upside cap, while seeking to provide the maximum available buffer against potential SPY losses over an approximate period of one year. The fund seeks to provide the maximum available buffer against losses while setting the predetermined upside cap of at least 7 per cent. The buffer for the initial period is expected to be 100 per cent, however, the expected range of the buffer for future periods is between 20 per cent and 100 per cent.

AllianzIM launched the AllianzIM U.S. Equity 6 Month Floor5 Apr/Oct ETF (Ticker: FLAO), an actively managed buffer ETF solution that provides capped upside exposure to the price performance of the SPDR S&P 500 ETF Trust (Ticker: SPY) and limits downside losses to just 5 per cent within its outcome period. FLAO resets April 1 and October 1 of each year and currently has an upside cap of 8.43 per cent.

Split Rock Trading launched the North Shore Equity Rotation ETF (Ticker: KOOL). The actively managed ETF will primarily invest in equity sectors that allow the fund to outperform the S&P 500 Index. Along with equity investments, Split Rock may also choose to add fixed-income exposures, including options, to KOOL’s portfolio to generate additional income.

 As part of the fund’s investment strategy, the manager evaluates the current state of the U.S. economy, as the basis for identifying which sectors to allocate towards. This research involves economic indicators, such as GDP and consumer spending numbers. Additionally, the four economic stages – recession, recovery, expansionary, and slowdown – are used as guidelines to determine the state of the U.S. economy.

River1 Asset Management launched the Trenchless Fund ETF (Ticker: RVER). The ETF will have a concentrated portfolio of 12-30 stocks that exhibit growth at a reasonable price. The fund will be actively managed, with the manager implementing a bottom-up approach that screens for valuation, growth exposure, and institutional ownership.

VanEck launched two moat-focused ETFs, the VanEck Morningstar Wide Moat Value ETF (Ticker: MVAL) and the VanEck Morningstar Wide Moat Growth ETF (Ticker: MGRO).

Both funds seek exposure to companies with good valuations and a wide moat rating. MVAL will track the price and yield performance of the Morningstar US Broad Value Wide Moat Focus Index, while MGRO will track the price and yield performance of the Morningstar US Broad Growth Wide Moat Focus Index.

ProShares launched two bitcoin-focused ETFs, the ProShares UltraBitcoin ETF (Ticker: BITU) and ProShares UltraShort Bitcoin ETF (Ticker: SBIT).  The former looks to provide 2x the daily price performance of bitcoin as represented by the Bloomberg Bitcoin Index, while the latter aims to deliver investors 2x the inverse of the daily performance of the same reference index. Both two funds achieve their exposures by investing in a combination of swap agreements and money market instruments.

This article is sponsored by STOXX.

To view the Canadian ETF launches for March, click here

To view the Global ETF launches for March 28th to April 4th, 2024, click here.

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