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Eric Balchunas: Roundhill launches MAGP ETF including magnificent 7 and additional AI stocks

Eric Balchunas: Roundhill launches MAGP ETF including magnificent 7 and additional AI stocks
Roundhill unveils MAGP ETF with AI stocks

Roundhill is launching a new ETF, MAGP, which includes the so-called magnificent 7 stocks along with several additional artificial intelligence-related stocks. Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, highlighted this move as Roundhill's entry into the group of MANGOS ETFs.

Earlier this year, REX introduced the Peptide ETF (PEPT) to capture momentum in weight-loss drug investments, as noted by Eric Balchunas. William Blair also entered the ETF space with its first international and emerging markets funds at a fee of 55bps, according to Balchunas’s coverage of the William Blair ETF launch. The latest MAGP launch adds to a trend of new thematic ETFs hitting the market.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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