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.
Among the new ETFs allow buyers to double down on this mega-cap know-how pattern. For instance, BlackRock launched the iShares Nasdaq Prime 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 only inventory ETF universe to 60 merchandise and $14.7 billion in property as of the tip of October 2024. Different ETFs that permit buyers to double down on mega-cap and tech names embrace the iShares Prime 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 alternate 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 Prime 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 embrace the SEI Choose Small Cap ETF (SEIS) and Rockefeller U.S. Small-Mid Cap ETF (RSMC).
The whole checklist of October ETF launches within the U.S. is offered under:
