Four 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.
Amplify ETFs launched the Amplify CWP Growth & Income ETF (Ticker: QDVO), an actively managed ETF that seeks to provide capital appreciation and, secondarily, high current income. QDVO consists primarily of large-cap dividend growth stocks and is designed to offer high levels of total return on a risk-adjusted basis.
VanEck launched the VanEck Fabless Semiconductor ETF (Ticker: SMHX), which seeks to track the price and yield performance of the MarketVector US Listed Fabless Semiconductor Index (the “Fabless Index” or the “Index”), which is intended to track the overall performance of companies involved in semiconductor production and classified as a fabless.
Fabless chip companies avoid the high costs of owning manufacturing facilities and can deploy more resources towards innovation, making them well-equipped to adapt to new technologies, market demands, and scaling needs.
Krane Funds Advisors launched the KraneShares China Alpha Index ETF (Ticker: KCAI), which which seeks to outperform the CSI 300 Index by applying a systematic machine learning approach. KCAI’s index was developed by its index provider Quant Insight (Qi) to generate excess returns in China A-Shares through an alpha optimization filtering process combined with proprietary AI technology.
Global X launched the Global X Infrastructure Development ex-U.S. ETF (Ticker: IPAV), which seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in international markets, including emerging and developed markets but excluding the United States. This includes companies that are involved in engineering and construction services, the production of infrastructure raw materials and composites, heavy construction equipment, infrastructure transportation, and smart grid components.
IPAV will track the Global X Infrastructure Development ex-US Index.
This article is sponsored by STOXX.
To view the Canadian ETF launches for August, click here.
To view the Global ETF launches for August 22nd to 29th, 2024, click here.