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US Launches sponsored by STOXX

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

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13 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.

Harbor Capital Advisors, Inc. launched the Harbor AlphaEdge Small Cap Earners ETF (Ticker: EBIT), which seeks to provide investment results corresponding to the performance of the Harbor AlphaEdge Small Cap Earners Index. EBIT’s focus is on profitable small-cap firms. Profitable companies as defined by (i) median trailing 12-month operating margin (defined as operating profit divided by sales) over the prior 12 quarters greater than or equal to 1 per cent; and (ii) aggregate operating margin over the prior 12 quarters greater than or equal to 1 per cent.

YieldMax launched the YieldMax Short COIN Option Income Strategy ETF (Ticker: FIAT). FIAT has two goals. First, it aims to provide investors with current income. Second, it seeks inverse, indirect exposure to the common share price of Coinbase Global, Inc. (Ticker: COIN). To generate inverse exposure to Coinbase stock, FIAT uses a synthetic covered put strategy. By doing so, the fund aims to achieve income from options investments and additional profits when Coinbase’s share price decreases.

T.Rowe Price launched the T. Rowe Price Intermediate Municipal Income ETF (Ticker: TAXE), an investment-grade intermediate-term municipal bonds solution, with a weighted average effective maturity of four to 12 years. The ETF seeks the highest level of income exempt from federal income taxes consistent with moderate price fluctuation.

Draco Evolution launched the Draco Evolution AI ETF (Ticker: DRAI), an actively managed fund that can invest in a wide variety of asset classes, including commodities, bonds, and equities of any size. DRAI typically achieves asset exposure by investing in various ETFs. In choosing ETFs to invest in, DRAI evaluates each fund based on its structure,  performance relative to peers, operating costs, and established expertise in executing their stated investment strategy.

REX Shares and Tuttle Capital Management launched the T-REX 2X Long Bitcoin Daily Target ETF (Ticker: BTCL) and the T-REX 2X Inverse Bitcoin Daily Target ETF (Ticker: BTCZ). BTLC and BTCZ, respectively, provide 200 per cent and -200 per cent exposure to Bitcoin’s daily performance.

Innovator ETFs launched seven ETFs:

Innovator Equity Defined Protection ETF—6mo Jan/Jul (Ticker: JAJL) seeks to track the return of SPDR S&P 500 ETF Trust (Ticker: SPY) to a cap, with a 100 per cent downside buffer over a 6-month outcome period.

Innovator Equity Defined Protection ETF – 1 Yr July (Ticker: ZJUL) seeks to track the return of SPDR S&P 500 ETF Trust (Ticker: SPY) to a cap, with a 100 per cent downside buffer over a 1-year outcome period.

Innovator Equity Defined Protection ETF – 2 Yr to July 2026 (Ticker: AJUL) seeks to track the return of SPDR S&P 500 ETF Trust (Ticker: SPY) to a cap, with a 100 per cent downside buffer over a 2-year outcome period.

Innovator Nasdaq-100® 10 Buffer ETF™  (Ticker: QBUF)seeks to track the return of the Invesco QQQ Trust (Ticker: QQQ), to a cap, and provide a measure of downside protection by providing a 10 per cent buffer over each 3-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

Innovator U.S. Small Cap 10 Buffer ETF™ (Ticker: RBUF) seeks to track the return of the iShares Russell 2000 ETF (Ticker: IWM) to a cap, and provide a measure of downside protection by providing a 10 per cent buffer over each 3-month outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period.

Innovator Premium Income 9 Buffer ETF (Ticker: HJUL) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, while providing a buffer against the first 9 per cent of SPDR S&P 500 ETF Trust (Ticker: SPY) losses over each 12-month outcome period.

Innovator Premium Income 15 Buffer ETF (Ticker: LJUL) is designed to provide investment performance for each Outcome Period that is equal to the Defined Distribution Rate, while providing a buffer against the first 15 per cent of SPDR S&P 500 ETF Trust Ticker: (SPY) losses over each 12-month outcome period.

This article is sponsored by STOXX.

To view the Canadian ETF launches for June, click here

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

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