ETFs
Most interesting new ETFs for the first half of 2024 – June 25, 2024
The first half of 2024 has been great for stocks, thanks to the AI craze. It has also been a busy time for ETF launches, with more than 260 new products introduced so far, on track to surpass the all-time annual record of 496 set in 2023.
More than 70% of products launched this year are actively managed. Following the success of the JPMorgan Equity Premium Income ETF (JEPI Quick QuoteJEPI – Free report), there has been a wave of copycat ETFs using covered call strategies to generate high returns. Additionally, buffer or defined outcome ETFs have seen significant growth.
The launch of spot Bitcoin ETFs marked a monumental event for digital assets and the ETF industry. Investor adoption has broken records, with the iShares Bitcoin Trust (IBIT Quick QuoteI BITE – Free report) amassing $20 billion in assets in just five months, becoming the fastest-growing ETF ever.
Calamos has launched two notable ETFs providing exposure to major stock indices with 100% downside protection. The Calamos S&P 500 Structured Alt Protection ETF (CPSM Quick QuoteCPSM – Free report) follows the S&P 500 (SPY Quick QuoteTO SPY – Free report) has capped the return, while the Nasdaq-100 Structured Alt Protection ETF (CPNJ Quick QuoteCPNJ – Free report) does the same for the Nasdaq100 (QQQ Quick QuoteQQQ – Free report) .
India-focused ETFs have attracted immense interest from investors this year. The WisdomTree India Hedged Equity Fund (INDH Quick QuoteNHRI – Free report) is aimed at investors concerned about the potential weakness of the rupee, which is eroding stock market returns. WisdomTree highlights a significant decrease in rupee hedging costs in recent years.
Simplify has launched two unique ETFs that select stocks based on “intangible capital”: patents, software, R&D and brand value. The company suggests that successful businesses often have “asset-light” characteristics, prioritizing intangible capital over traditional assets.
The Simplify NEXT Intangible Core Index ETF (NXTI Quick QuoteNXTI – Free report) and NEXT Intangible Value Index ETF (NXTV Quick QuoteNXTV – Free report) come with a low expense ratio of 0.25%.
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