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US Launches sponsored by STOXX

US ETF launches from 4th to 11th April, 2024

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US ETF offerings this week are detailed below.

Rayliant Global Advisors launched the Rayliant SMDAM Japan Equity ETF (Ticker: RAYJ). The Rayliant SMDAM Japan Equity ETF is an active strategy for pursuing growth in Japan’s stock market. The strategy applies research by Sumitomo-Mitsui DS Asset Management’s (SMDAM) large analyst team, deep local insights from the firm’s portfolio management team, along with input from Rayliant Asset Management’s cutting-edge quantitative models.

Strategas Asset Management launched the Strategas Macro Momentum ETF (Ticker: SAMM), an actively managed momentum-focused solution that looks to benefit from both equity and market momentum trends. The ETF aims to fill a gap for advisors and investors looking to leverage tactical rotation and take advantage of macro and market momentum wherever and whenever it may evidence itself.

Westwood Holdings Group launched the Westwood Salient Enhanced Midstream Income ETF (Ticker: MDST). The ETF uses a fundamental approach to target the “midstream” portion of the energy sector, which includes firms involved in the gathering, transportation, and distribution of petroleum and other fossil fuels. The fund can invest in Master Limited Partnerships (MLPs) as well as companies with midstream operations. It can also implement covered calls on its equity holdings to further enhance its level of income.

PT Asset Management launched the Performance Trust Short-Term Bond ETF (Ticker: STBF), which seeks total return from income and preservation of principal by investing in a diversified portfolio of fixed-income securities. The Fund primarily invests in investment-grade quality securities and targets an average portfolio duration of four years or less.

Fred Alger Management launched two actively managed ETFs, the Alger AI Enablers & Adopters ETF (Ticker: ALAI) and Alger Concentrated Equity ETF (Ticker: CNEQ).  The former is a thematic solution that invests in equity securities of companies focusing on the development, adoption, or utilisation of artificial intelligence (“AI”) technologies identified through their fundamental research as demonstrating promising growth potential. The latter is a focused portfolio of approximately 30 holdings consisting of companies of any capitalisation identified through their fundamental research as demonstrating promising growth potential.

Obra Capital launched two actively managed ETFs, the Obra Opportunistic Structured Products ETF (Ticker: OOSP) and the Obra High-Grade Structured Products ETF (Ticker: OGSP). The former will take an active approach to investing across asset-backed securities, mortgage-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, collateralised debt obligations, collateralized mortgage obligations, and collateralised loan obligations. The latter seeks to generate current income with a focus on principal preservation by investing, primarily, in high-grade and investment-grade securitised products. OGSP will take an active approach to investing, allocating across asset-backed securities, mortgage-backed securities, residential mortgage-backed securities, commercial mortgage-backed securities, collateralised debt obligations, collateralised mortgage obligations, and collateralised loan obligations.

This article is sponsored by STOXX.

To view the Canadian ETF launches for March, click here

To view the Global ETF launches for April 4th to 11th, 2024, click here.

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