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In 1937, Columbus Day became a federal holiday to mark Christopher Columbus’ landing on America’s shores in 1492. On this proud occasion this year why not discover and explore some new ETFs that are yet to be well-known but have proven their mettle in a few days within their inception. These ETFs appear as hidden gems as the industry is now jampacked with products.
There are almost 2,195 ETFs so far with an average market cap of $3,679.90 billion. Not only this, a considerable number of ETFs are in the pipeline, pointing to growing investor interest for exchange-traded products in this market. So, standing out in this pool of ETFs is a tall order.
Below we highlight a few new ETFs that have surpassed SPDR S&P 500 ETF (SPY) (up 11.8%) in the past six months (as of Oct 5, 2018) as well as amassed sizable assets within the short period of their launch. The past six-month period was especially crucial as it was fraught with heightened trade war tensions, rising rate worries, fears of a slowdown in the Euro zone and extensive selloffs in emerging market assets hurt by the strength in the greenback.
GS Finance Large Cap Growth Index-Linked ETN ) – Up 25.5%
The note hit the market in April 2018 and has amassed about $414.7 million in assets. The underlying Russell 1000 Growth Total Return Index measures the performance of the large-capitalization growth sector of the U.S. equity market. The index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecast growth. Expense ratio is high at 3.72%.
The fund offers exposure to stocks recommended by Motley Fool analysts. It revolves around an index of the 100 largest domestic companies within The Motley Fool’s “recommendation universe.” The fund hit the market in this January and created about $148.5 million in assets so far. It charges 50 bps in fees.
Principal US Mega-Cap Multi-Factor ETF (USMC - Free Report) ) – Up 13.8%
Marking its entry in mid-October 2017, the fund hoarded about $1.58 billion in assets. The fund tracks the Nasdaq U.S. Mega Cap Select Leaders Index and deploys a quantitative model designed to identify equity securities of companies with the largest market capitalization on the Nasdaq US 500 Large Cap Index, with higher weights given to securities that are less volatile. The 54-stock fund charges 12 bps in fees (read: 8 New ETFs of 2017 to Explode in 2018).
This active ETF entered market in October 2017 and has amassed about $203.5 million in assets. The fund intends to achieve capital appreciation by investing primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model. The fund charges 75 bps in fees (read: Here's an AI Powered ETF That Uses IBM's Watson & Google Deep Mind).
BMO REX MicroSectors FANG+ Index 3X Leveraged ETN (FNGU - Free Report) ) – Up 23.04%
This one is a risky bet as it is a leveraged ETN. It hit the market in January and has gathered $127.5 million in assets. Though tech stocks are not performing well right this moment, FANGs are hot over the long term. Investors’ desire for FANG+ in their portfolio will take time to wane (read: Explore FANG+ With These New ETFs).
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Discover These Hidden Gem ETFs on Columbus Day
In 1937, Columbus Day became a federal holiday to mark Christopher Columbus’ landing on America’s shores in 1492. On this proud occasion this year why not discover and explore some new ETFs that are yet to be well-known but have proven their mettle in a few days within their inception. These ETFs appear as hidden gems as the industry is now jampacked with products.
There are almost 2,195 ETFs so far with an average market cap of $3,679.90 billion. Not only this, a considerable number of ETFs are in the pipeline, pointing to growing investor interest for exchange-traded products in this market. So, standing out in this pool of ETFs is a tall order.
Below we highlight a few new ETFs that have surpassed SPDR S&P 500 ETF (SPY) (up 11.8%) in the past six months (as of Oct 5, 2018) as well as amassed sizable assets within the short period of their launch. The past six-month period was especially crucial as it was fraught with heightened trade war tensions, rising rate worries, fears of a slowdown in the Euro zone and extensive selloffs in emerging market assets hurt by the strength in the greenback.
GS Finance Large Cap Growth Index-Linked ETN ) – Up 25.5%
The note hit the market in April 2018 and has amassed about $414.7 million in assets. The underlying Russell 1000 Growth Total Return Index measures the performance of the large-capitalization growth sector of the U.S. equity market. The index measures the performance of equity securities of Russell 1000 index issuers with relatively higher price-to-book ratios and higher forecast growth. Expense ratio is high at 3.72%.
Motley Fool 100 Index ETF (TMFC - Free Report) ) – Up 16.9%
The fund offers exposure to stocks recommended by Motley Fool analysts. It revolves around an index of the 100 largest domestic companies within The Motley Fool’s “recommendation universe.” The fund hit the market in this January and created about $148.5 million in assets so far. It charges 50 bps in fees.
Principal US Mega-Cap Multi-Factor ETF (USMC - Free Report) ) – Up 13.8%
Marking its entry in mid-October 2017, the fund hoarded about $1.58 billion in assets. The fund tracks the Nasdaq U.S. Mega Cap Select Leaders Index and deploys a quantitative model designed to identify equity securities of companies with the largest market capitalization on the Nasdaq US 500 Large Cap Index, with higher weights given to securities that are less volatile. The 54-stock fund charges 12 bps in fees (read: 8 New ETFs of 2017 to Explode in 2018).
AI Powered Equity ETF (AIEQ - Free Report) ) – Up 12.49%
This active ETF entered market in October 2017 and has amassed about $203.5 million in assets. The fund intends to achieve capital appreciation by investing primarily in equity securities listed on a U.S. exchange based on the results of a proprietary, quantitative model. The fund charges 75 bps in fees (read: Here's an AI Powered ETF That Uses IBM's Watson & Google Deep Mind).
BMO REX MicroSectors FANG+ Index 3X Leveraged ETN (FNGU - Free Report) ) – Up 23.04%
This one is a risky bet as it is a leveraged ETN. It hit the market in January and has gathered $127.5 million in assets. Though tech stocks are not performing well right this moment, FANGs are hot over the long term. Investors’ desire for FANG+ in their portfolio will take time to wane (read: Explore FANG+ With These New ETFs).
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>