2024 Sees Record Number Of New ETFs, Driven By Active Fund Managers: Report
Portfolio Pulse from Benzinga Neuro
The year 2024 has seen a record-breaking number of new ETFs, driven by active fund managers. A total of 236 ETFs have been launched, including 166 actively managed ones. Capital Group and BlackRock have significantly expanded their active ETF offerings. A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for companies like Trump Media, GameStop, and AMC Entertainment. Active ETFs have attracted nearly $100 billion in the first five months of 2024, while mutual funds have lost about $150 billion.
June 27, 2024 | 1:17 pm
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A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for AMC Entertainment.
The launch of single-stock ETFs for AMC Entertainment could attract new investors and increase trading volume, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for Trump Media.
The launch of single-stock ETFs for Trump Media could attract new investors and increase trading volume, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
A joint venture between REX Shares and Tuttle Capital Management plans to launch single-stock ETFs for GameStop.
The launch of single-stock ETFs for GameStop could attract new investors and increase trading volume, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80