On Friday, iShares launched a technology fund. The iShares U.S. Tech Breakthrough Multisector ETF (TECB) has an expense ratio of 0.40% and lists on the NYSE Arca.
The fund invests in securities in the robotics and artificial intelligence; cybersecurity; cloud and data tech; financial technology; and genomics and immunology, according to its prospectus. Companies included in TECB’s underlying index must meet minimum size and liquidity requirements and fall within specified categories of the FactSet Revere Business Industry Classification System.
Meanwhile, The Leuthold Funds rolled out the Leuthold Core ETF (LCR) on Monday. The fund comes with an expense ratio of 0.86% and lists on the NYSE Arca.
LCR is an actively managed ETF of ETFs that can target a wide range of asset classes. It relies on a quantitative sector-based model that takes into account a variety of data, including economic conditions and monetary factors; inflation and interest rate levels and trends; investor confidence; and technical stock market measures, the prospectus says.
So far, 2020 has seen a total of six launches, with Innovator rolling out four ETFs on the first trading day of the year.
Contact Heather Bell at [email protected]