AIEQ “was launched in October, and only four other funds launched then (or subsequently) have amassed more in assets, according to data from research-firm XTF. Of the 246 funds that have been launched in 2017 through November, only 32 are larger, and most of those have also benefited from the more established distribution networks of their sponsors, which include names like Charles Schwab,” according to MarketWatch.
EquBot’s approach ranks investment opportunities based on their probability of benefiting from current economic conditions, trends, and world- and company-specific events, and identifies those equities with the greatest potential for appreciation. EquBot and ETFMG expect the fund’s portfolio to typically consist of 30 to 70 of U.S. equities only and volatility comparable to the broader U.S. equity market.
AIEQ’s asset-gathering acumen is all the more impressive when considering its annual expense ratio of 0.75%, or $75 on a $10,000 investment. That is well above the average fee for a large-cap equity ETF. Additionally, investors have been overtly favoring ETFs with expense ratios of 0.2% or less this year, a trend that is widely expected to continue.
For more information on new fund products, visit our new ETFs category.