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Most Interesting New ETFs of 1H 2024

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The first half of 2024 has been terrific for stocks, thanks to enthusiasm for AI. It's also been a blockbuster period for ETF launches, with over 260 new products introduced so far, on track to surpass the all-time annual record of 496 set in 2023.

More than 70% of the products launched this year are actively managed. Following the success of the JPMorgan Equity Premium Income ETF (JEPI - Free Report) , there's been a surge of copycat ETFs using covered call strategies for high income generation. 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 been record-breaking, with the iShares Bitcoin Trust (IBIT - Free Report) amassing $20 billion in assets within just five months, becoming the fastest-growing ETF ever.

Calamos launched two noteworthy ETFs offering exposure to major stock indexes with 100% downside protection. The Calamos S&P 500 Structured Alt Protection ETF (CPSM - Free Report) tracks the S&P 500’s (SPY - Free Report) capped return, while the Nasdaq-100 Structured Alt Protection ETF (CPNJ - Free Report) does the same for the Nasdaq100 (QQQ - Free Report) .

India-focused ETFs have seen immense interest from investors this year. The WisdomTree India Hedged Equity Fund (INDH - Free Report) caters to investors concerned about potential weakness in the rupee eroding equity market returns. WisdomTree highlights a significant decrease in rupee hedging costs in recent years.

Simplify launched two unique ETFs that screen stocks based on "intangible capital" – patents, software, R&D, and brand value. The firm suggests successful companies often have "asset-light" characteristics, prioritizing intangible capital over traditional assets.

Both the Simplify NEXT Intangible Core Index ETF (NXTI - Free Report) and NEXT Intangible Value Index ETF (NXTV - Free Report) come with a low expense ratio of 0.25%.

To learn more, please watch the short video above.


 


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