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Defiance has filed for approximately two to three dozen PowerMaxx exchange-traded funds that would purchase long dated call options on stocks in an effort to boost returns over targeted outcomes.
The development was reported by Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence.
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Balchunas has recently tracked activity in the thematic ETF space, including the launch of the REX Peptide ETF, which targets companies involved in weight loss drugs. He also reported on William Blair’s entry into ETFs with products focusing on international and emerging markets strategies, offering lower fees compared to its mutual funds, as noted in a previous announcement. Both developments point to continued innovation in the ETF market.