One of many defining traits of the U.S. inventory market appreciation in 2024 has been the outsized affect of some mega-cap shares on index returns. This pattern was mirrored within the ETF launches within the US in October 2024.
A few of the new ETFs allow buyers to double down on this mega-cap expertise pattern. For instance, BlackRock launched the iShares Nasdaq High 30 Shares ETF(QTOP), which gives listed publicity to the highest 30 shares by market capitalization within the tech-heavy Nasdaq-100 index. ETFs that present leveraged or inverse publicity to single shares additionally grew with 8 new launches, together with those who present leveraged publicity to Taiwan Semiconductors, Netflix and Broadcom.
This has grown the one inventory ETF universe to 60 merchandise and $14.7 billion in property as of the top of October 2024. Different ETFs that permit buyers to double down on mega-cap and tech names embody the iShares High 20 U.S. Shares ETF (TOPT) and Dealer 2X Lengthy Triple Q Quarterly ETF (QQQP).
Conversely, there have been additionally ETFs listed in October 2024 that allowed ETFs to hedge in opposition to the chance of a really top-heavy market. There have been 11 new listings of buffer ETFs that allow buyers to commerce off some market upside in change for draw back safety.
As well as, Defiance launched the Defiance Massive Cap ex-Magazine 7 ETF (XMAG), and BlackRock launched the iShares Nasdaq-100 ex High 30 ETF (QNXT). There have been additionally launches of small and mid-cap ETFs, which can profit if market breadth continues to enhance. The brand new listings embody the SEI Choose Small Cap ETF (SEIS) and Rockefeller U.S. Small-Mid Cap ETF (RSMC).
The entire checklist of October ETF launches within the U.S. is offered under:
