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US Launches sponsored by STOXX

US ETF launches from 27th June to 4th July, 2024

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16 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 iShares Large Cap Max Buffer Jun ETF (Ticker: MAXJ), which seeks to track the share price return of the iShares Core S&P 500 ETF (Ticker: IVV)  up to an approximate upside limit, while seeking to maximise the downside protection against price declines of IVV over an approximate one-year period beginning at the end of each June.

NIghtview Capital launched the The Nightview Fund (Ticker: NITE),  which aims to provide investors long-term capital appreciation while outperforming the S&P 500 Total Return index over a five-year period. NITE uses Nightview Capital’s fundamental investing approach. Primarily, the fund invests in instruments and securities tied to or issued by U.S. issuers. However, NITE may also invest in U.S.-traded assets that are economically tied to developed international markets.

First Trust launched the First Trust S&P 500 Economic Moat ETF (Ticker: EMOT), which aims to provide similar investment results to the price and yield of the S&P 500 Moat Economic Index. The S&P 500 Economic Moat Index measures the performance of stocks identified as having sustainable competitive advantages evidenced by sustained high gross margin, sustained high return on invested capital (“ROIC”) and high market share.

NEOS Investments launched the NEOS Russell 2000® High Income ETF (Ticker: IWMI), which seeks to generate high monthly income in a tax efficient manner with the potential for equity appreciation.

Summit Global Investments launched the SGI Enhanced NASDAQ-100® ETF (Ticker: QXQ), which seeks to generate the return of the Nasdaq-100® utilising futures and options while providing an additional enhanced yield through ultra- short-term options strategies.

Innovator ETFs launched two ETFs, the Innovator International Developed 10 Buffer ETF™ (Ticker: IBUF) and Innovator Emerging Markets 10 Buffer ETF™ (Ticker: EBUF).

IBUF seeks to track the return of the iShares MSCI EAFE ETF (Ticker: EFA), to a cap, and provide a measure of downside protection by providing a 10per cent buffer over each three-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

EBUF seeks to track the return of the iShares MSCI EM ETF (Ticker: EEM), to a cap, and provide a measure of downside protection by providing a 10 per cent buffer over each three-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

PGIM Investments launched two active ETFs, the PGIM Ultra Short Municipal Bond ETF (Ticker: PUSH) and the PGIM Municipal Income Opportunities ETF (Ticker: PMIO).

PUSH seeks to primarily invest in investment-grade municipal bonds and up to 10 per cent in high-yield municipal debt obligations. The ETF seeks to maintain a weighted average portfolio duration of two years or less.

PIMO employs a dynamic income opportunities strategy, investing at least 70 per cent of its portfolio in investment-grade municipal debt obligations and up to 30 per cent in high-yield municipal debt obligations. The ETF seeks to maintain a weighted average portfolio duration of two to eight years. PGIM’s flexible approach allows the ETF to allocate across credit qualities, maturities, sectors and states based on where the portfolio management team sees what it believes to be the most attractive opportunities.

Capital Group launched seven new actively managed ETFs, four with an equity focus and three with a fixed income focus. The investment strategy of each is as follows:

Capital Group Global Equity ETF (Ticker: CGGE), which provides global investing exposure by allocating assets to companies based mostly in developed markets.  

Capital Group New Geography Equity ETF (Ticker: CGNG), an alternative global equity fund that provides exposure to developing markets.

Capital Group Conservative Equity ETF (Ticker: CGCV), which primarily focuses on companies with historically strong balance sheets to provide a potentially safer investment.

Capital Group International Core Equity ETF (Ticker: CGIC), which employs a dividend-seeking strategy and invests in international companies with established precedence for providing dividends.

Capital Group Ultra Short Income ETF (Ticker: CGUI), manages interest rate sensitivity by investing return-generating fixed income securities with an average portfolio duration of one year or less.

Capital Group International Bond ETF (Ticker: CGIB) offers access to high-quality non-US interest rate and credit markets while minimising exposure to foreign currency volatility. The fund invests across a broad range of international fixed-income securities and may offer attractive risk-adjusted return opportunities relative to U.S. bonds.Capital Group Municipal High-Income ETF (Ticker: CGHM) aims to help investors secure more tax-exempt income by investing in municipal bonds with a higher yield and lower rating.

This article is sponsored by STOXX.

To view the Canadian ETF launches for June, click here

To view the Global ETF launches for June 27th to July 4th, 2024, click here.

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