Roundhill Investments has witnessed a significant leap in the performance of its exchange-traded funds (ETFs), especially those involving the Magnificent Seven and artificial intelligence-related stocks.
Bucking the tech market trend, the Roundhill Magnificent Seven ETF (NYSE:MAGS) and the Roundhill Generative AI & Technology ETF (NYSE:CHAT) have seen a surge of about 15% since the year’s start, almost doubling the return of the tech-heavy Invesco QQQ Trust (NASDAQ:QQQ).
In an exclusive interview with Benzinga, Dave Mazza, chief strategy officer at Roundhill Investments, shared insights on the company’s strategic approach, which has led to robust performance and rising investor inflows.
Recently, the two funds have garnered the highest inflows within Roundhill’s ETF suite.
In just the last month, Mazza said the two ETFs have drawn close to $100 million in fresh investments.
Roundhill’s focus on innovation has been instrumental, the chief strategy officer said.
“We launched the world's first and most liquid metaverse ETF” alongside the one targeting Magnificent 7 stocks, Mazza said.
With a portfolio of 11 funds and a cumulative $850 million in assets under management, Roundhill is a key player in offering innovative and thematic ETFs.
Table: Roundhill’s Assets Under Management, Latest ...Full story available on Benzinga.com
Related tickers: YBTC, MAGS, NVDA, TSLA, QQQ, CHAT, LNGG, WEED, META, DEEP, NERD, BETZ, KNGS, METV, LUXX.
Read Full Article
