Roundhill Investments Launches Magnificent Seven Plus ETF (MAGP) Targeting AI Leaders
Roundhill Investments has announced the launch of the Roundhill Magnificent Seven Plus ETF (MAGP), a new fund designed to provide exposure to the original 'Magnificent Seven' tech giants alongside four emerging leaders in artificial intelligence: Anthropic, OpenAI, SpaceX, and Broadcom. The fund aims to capture the expanding leadership group within the U.S. equity market as AI innovation drives massive market capitalization shifts. Because several of these companies are private or pre-IPO, MAGP utilizes swap agreements referencing BITA perpetual futures indices to gain exposure to Anthropic and OpenAI. The fund employs an equal-weight approach across its holdings, offering a consolidated way for investors to access both established mega-cap tech stocks and high-growth private AI innovators in a single vehicle.
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Topics: Artificial Intelligence ETF launch Magnificent Seven Technology Stocks