47 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.
YieldMax launched the YieldMax SMCI Option Income Strategy ETF (Ticker: SMCY). SMCY has two goals. First, it aims to provide investors with current income. Second, it seeks to provide exposure to the common share price of Super Micro Computer Inc. (Ticker: SMCI). To achieve its investment goals, SMCY utilises a synthetic covered call strategy. Using a covered call strategy, the fund could simultaneously provide both yield and indirect exposure to SMCI’s share price returns.
Intelligent Alpha launched the Intelligent Livermore ETF (Ticker: LIVR), which uses large-language AI models — GPT, Claude, and Gemini — to build a global equity portfolio focused on opportunities in AI, Latin American equities, Asian equities, renewables and energy, and defensive stocks.
Neuberger Berman launched the Neuberger Berman Japan Equity ETF (Ticker: NBJP), an actively managed solution that provides exposure to Japanese equities. The ETF considers a company to be tied economically to Japan if: (i) the issuer is organised under the laws of Japan or the issuer maintains its principal place of business in Japan; (ii) the securities of the issuer are principally listed on Japan’s stock exchanges regardless of the country in which the issuer is organised; or (iii) the issuer has at least 50 per cent of its assets in Japan or derives 50 per cent or more of its total revenue from goods and/or services produced or sold in Japan.
Roundhill Investments launched the Roundhill Small Cap 0DTE Covered Call Strategy ETF (Ticker: RDTE), an actively managed solution that utilises zero-day to expiry options on the Russell 2000 Index. The ETF provides overnight exposure to the Russell 2000 Index and generates income each morning by selling out-of-the-money 0DTE calls on the Russell 2000 Index.
Innovator ETFs launched the Innovator U.S. Small Cap Managed Floor ETF (Ticker: RFLR), an actively managed solution designed to capture the upside of small-cap U.S. equities and engineered to limit the potential for maximum losses through a disciplined options overlay. RFLR invests in equities within the Solactive United States 2000 Index. The ETF is implemented with floors that limit potential losses to 10 per cent of the Russell 2000 Index as measured at the end of one-year periods. These floors are laddered and implemented quarterly.
Themes ETFs launched the Themes US Infrastructure ETF (Ticker: HWAY), which tracks the Solactive United States Infrastructure Index. The Solactive United States Infrastructure Index comprises the 100 largest US-based infrastructure-related companies, which are vital for the development, maintenance, and servicing of critical infrastructure assets. These companies are involved in a range of sectors, including construction materials and machinery, transportation infrastructure, water and energy infrastructure, telecommunications infrastructure, and infrastructure construction services. By tracking these core industries, the index offers clients exposure to businesses that are driving infrastructure development and modernisation through roads, utilities, transportation networks, and more. In summary, the index composition encompasses industries that form the foundation for the infrastructure that supports economic growth, trade, and overall development. To ensure diversification, the weight of each constituent is capped at 4.5 per cent.
Tidal Financial Group in partnership with GammaRoad Capital Partners launched the GammaRoad Market Navigation ETF (Ticker: GMMA), which will reflect the performance of the MarketVector -GammaRoad U.S. Equity Strategy Index. The ETF aims to deliver returns similar to the S&P 500 but with reduced volatility and uncapped upside potential. The index’s investment strategy employs a dynamic, rules-based strategy that adjusts exposure between US equities and US Treasury Bills based on three key market indicators: consumer confidence, economically sensitive asset relationships, and price direction. This strategy aims to mitigate downside risks during volatile market conditions while maintaining growth opportunities during favourable periods. Unlike traditional hedged equity strategies, which may limit returns, GMMA avoids such limitations by flexibly shifting its allocations. The index recalculates daily to reflect current market conditions, enhancing its ability to navigate market volatility effectively.
Columbia Threadneedle launched two actively managed ETFs, the Columbia U.S. High Yield ETF (Ticker: NJNK) and the Columbia Short Duration High Yield ETF (Ticker: HYSD).
NJNK is a fully transparent, rules-based ETF with a discretionary active overlay designed to pursue strong risk-adjusted returns in varying market environments. The Fund seeks to produce high current income with a strategy that focuses on reducing exposure to the lowest quality, highest risk issuers while also avoiding higher-rated yet low-yielding securities.
HYSD is a fully transparent, actively managed ETF that focuses on short duration high yield corporate bonds and floating rate loans. The short-duration high-yield strategy aims to generate alpha comparable to other high-yield portfolios managed by the team, powered by rigorous fundamental credit research. The process strongly emphasises risk management due to high yield’s asymmetrical risk profile and is designed to limit downside risk. The ETF will leverage the firm’s institutional Short Duration High Yield separate account strategy that has been in place for nearly 10 years.
REX Shares, in partnership with Tuttle Capital Management, launched two leveraged ETFs, T-REX 2X Long MSTR Daily Target ETF (Ticker: MSTU) and T-REX 2X Inverse MSTR Daily Target ETF (Ticker: MSTZ).
MSTU seeks daily investment results of 200 per cent of the daily performance of MicroStrategy Inc. (Ticker: MSTR). Conversely, MSTZ seeks daily investment results of 200 per cent of the inverse (or opposite) of the daily performance of MSTR.
Palmer Square Capital Management launched two ETFs, the Palmer Square Credit Opportunities ETF (Ticker: PSQO) and the Palmer Square CLO Senior Debt ETF (Ticker: PSQA).
PSQO is an actively managed, comprehensive multi-asset credit allocation product offering investors a single-manager solution to simplify portfolio construction and provide enhanced access to the best relative value opportunities across corporate and structured credit, to include collateralized loan obligations (CLO), investment grade and high yield corporate bonds, asset-backed securities (ABS) and bank loans.
PSQA provides passive access to the CLO market through a proprietary, research-driven CLO Senior Debt Index (CLOSE) that creates an investable way of accessing Palmer Square’s deep understanding and research within the senior tranches of the CLO market.
Dimensional ETFs launched two solutions, the Dimensional US Vector Equity ETF (Ticker: DXUV) and the Dimensional International Vector Equity ETF (Ticker: DXIV).
DXUV focuses on US equities, emphasising smaller-cap, value-oriented, and profitable stocks. The fund will be actively managed, reflecting Dimensional’s integrated investment approach that combines research, portfolio design, portfolio management, and trading functions.
DXIV focuses on US equities, emphasising smaller-cap, value-oriented, and profitable stocks. The fund will be actively managed, reflecting Dimensional’s integrated investment approach that combines research, portfolio design, portfolio management, and trading functions.
SanJac Alpha launched two actively managed fixed-income ETFs, the SanJac Alpha Low Duration ETF (Ticker: SJLD) and the SanJac Alpha Core Plus Bond ETF (Ticker: SJCP)
SJLD seeks current income through investments in high-grade and short-maturity debt markets. It is designed to preserve capital and maintain daily liquidity. Similarly, SJCP seeks income and total returns while maintaining a moderate risk profile. It holds a wide spectrum of Treasury, Agency, and Investment-Grade Bonds, Mortgage-Backed Securities (MBS), Mortgage Real Estate Investment Trusts (mREITs), and Preferred Stocks.
Pacer ETFs launched two ETFs, the Pacer Nasdaq International Patent Leaders ETF (Ticker: PATN) and the Pacer MSCI World Industry Advantage ETF (Ticker: GLBL).
PATN will track the top 100 companies within the Nasdaq Global Ex-United States Large Mid Cap Index based on patent valuation. By focusing on countries and sectors driving research and development, including technology, healthcare, and consumer discretionary, PATN provides investors with an opportunity to access the alpha generated by international ingenuity in a more growth-oriented way.
GLBL employs a rules-based strategy that aims to capture the growth potential of globally developed markets by exposing investors to the leading companies in countries with an industry advantage. The ETF will track the MSCI World Ricardo Comparative Advantage Select Index, which screens securities across 23 developed markets that have the highest active weight in each of the GICS Industry Groups. GLBL seeks to expose investors to the leading names in global markets that exhibit a sector-specific competitive edge.
Stone Ridge Asset Management launched 28 ETFs:
Stone Ridge 2048 Longevity Income ETF (Ticker: LFAE) seeks to provide reliable monthly distributions consisting of income and principal through 2048.
Stone Ridge 2049 Longevity Income ETF (Ticker: LFAF) seeks to provide reliable monthly distributions consisting of income and principal through 2049.
Stone Ridge 2050 Longevity Income ETF (Ticker: LFAI) seeks to provide reliable monthly distributions consisting of income and principal through 2050.
Stone Ridge 2051 Longevity Income ETF (Ticker: LFAJ) seeks to provide reliable monthly distributions consisting of income and principal through 2051.
Stone Ridge 2052 Longevity Income ETF (Ticker: LFAK) seeks to provide reliable monthly distributions consisting of income and principal through 2052.
Stone Ridge 2053 Longevity Income ETF (Ticker: LFAL) seeks to provide reliable monthly distributions consisting of income and principal through 2053.
Stone Ridge 2055 Longevity Income ETF (Ticker: LFAO) seeks to provide reliable monthly distributions consisting of income and principal through 2055.
Stone Ridge 2056 Longevity Income ETF (Ticker: LFAQ) seeks to provide reliable monthly distributions consisting of income and principal through 2056.
Stone Ridge 2057 Longevity Income ETF (Ticker: LFAR) seeks to provide reliable monthly distributions consisting of income and principal through 2057.
Stone Ridge 2058 Longevity Income ETF (Ticker: LFAU) seeks to provide reliable monthly distributions consisting of income and principal through 2058.
Stone Ridge 2060 Longevity Income ETF (Ticker: LFAW) seeks to provide reliable monthly distributions consisting of income and principal through 2060.
Stone Ridge 2061 Longevity Income ETF (Ticker: LFAX) seeks to provide reliable monthly distributions consisting of income and principal through 2061.
Stone Ridge 2062 Longevity Income ETF (Ticker: LFAZ) seeks to provide reliable monthly distributions consisting of income and principal through 2062.
Stone Ridge 2063 Longevity Income ETF (Ticker: LFBB) seeks to provide reliable monthly distributions consisting of income and principal through 2063.
Stone Ridge 2048 Inflation-Protected Longevity Income ETF (Ticker: LIAB) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2048.
Stone Ridge 2049 Inflation-Protected Longevity Income ETF (Ticker: LIAC) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2049.
Stone Ridge 2050 Inflation-Protected Longevity Income ETF (Ticker: LIAE) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2050.
Stone Ridge 2051 Inflation-Protected Longevity Income ETF (Ticker: LIAF) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2051.
Stone Ridge 2052 Inflation-Protected Longevity Income ETF (Ticker: LIAG) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2052.
Stone Ridge 2053 Inflation-Protected Longevity Income ETF (Ticker: LIAJ) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2053.
Stone Ridge 2055 Inflation-Protected Longevity Income ETF (Ticker: LIAM) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2055.
Stone Ridge 2056 Inflation-Protected Longevity Income ETF (Ticker: LIAO) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2056.
Stone Ridge 2057 Inflation-Protected Longevity Income ETF (Ticker: LIAP) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2057.
Stone Ridge 2058 Inflation-Protected Longevity Income ETF (Ticker: LIAQ) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2058.
Stone Ridge 2060 Inflation-Protected Longevity Income ETF (Ticker: LIAU) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2060.
Stone Ridge 2061 Inflation-Protected Longevity Income ETF (Ticker: LIAV) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2061.
Stone Ridge 2062 Inflation-Protected Longevity Income ETF (Ticker: LIAW) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2062.
Stone Ridge 2063 Inflation-Protected Longevity Income ETF (Ticker: LIAX) seeks to provide reliable monthly inflation-linked distributions consisting of income and principal through 2063.
This article is sponsored by STOXX.
To view the Canadian ETF launches for August, click here.
To view the Global ETF launches for September 12th to 19th, 2024, click here.
