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Corgi Breaks Records Again: The Debut of 35 ETFs

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Less than a month after Corgi launched the largest ETF rollout by a single issuer, the firm broke that record. On June 3, Corgi Funds launched 35 new ETFs on Cboe, this time targeting short-term results, through increased daily leverage. Corgi Funds set a new standard in May by debuting 34 funds. This initial record-breaking group consisted of both thematic and buffer ETFs, with the thematic offerings providing many unique, first-to-market exposures. The buffer ETFs, meanwhile, were designed to mirror existing competitive products and track performance relative to a specific reference asset. Building on the eight buffer ETFs from that early May launch, Corgi Funds introduced nine additional buffer ETFs on June 2. These latest additions cover a wide range of markets, providing investors with downside protection against a specified percentage losses over a one-year period, resetting in June.Amplified Exposure Across the BoardIn a departure from prior launches, 34 of the new funds aim to capture amplified exposure through the utilization of derivatives and other financial instruments. The funds seek to offer 200% of the daily returns of the underlying ETF. For example, with an expense ratio of 20 basis points, the Corgi All World 2x Daily ETF (WX) looks to capture double the daily performance of the Vanguard Total World Stock Index Fund ETF (VT A+).  The broader group includes funds offering amplified exposure to U.S. and international equities across various market capitalizations, sectors, themes, and development stages. Corgi Funds warns that the leveraged ETFs are for investors planning to actively monitor investments throughout the day as compounding returns over longer periods of time can result in returns that are not equal to twice the performance of the reference asset during the total holding period.  Standing alone amongst the new leveraged ETFs, the Corgi Inside Ownership 100 ETF (OWN) tracks the Inside Ownership 100 Index. The index measures the performance of the 100 companies with the highest levels of ownership by company insiders. This strategy is rooted in the philosophy that higher inside ownership aligns the interest of corporate leadership with shareholders. OWN is designed to serve as a core, long-term strategic allocation based on fundamental corporate governance trends.  Corgi plans to launch six more ETFs covering segments of the fixed income market later this week. For more news, information, and analysis, visit VettaFi | ETFDB.

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