Summit Global Investments (SGI) announced that their SGI Enhanced Core ETF (USDX) has surpassed $100 million in assets under management (AUM) since its launch on February 29, 2024. This milestone was achieved in less than five months, highlighting the rapid growth of the innovative enhanced yield product. USDX is one of five ETFs launched by SGI within the last year as the firm expands its ETF presence.
The ETF utilizes a diversified portfolio of high-quality short-term money market instruments and implements SGI's risk-averse actively traded put and call options management. This strategy aims to enhance yield and manage risk, potentially providing improved yield compared to traditional Core investment strategies. USDX is guided by SGI's Managed Risk Approach™, which seeks to preserve and grow capital while minimizing downside loss.
The RBB Fund Complex (RBB) has launched the SGI Enhanced NASDAQ-100® ETF (NASDAQ: QXQ), advised by Summit Global Investments (SGI). This ETF is part of SGI’s 'X-Series', which aims to generate current income around specific asset exposures. QXQ is the third ETF in this series, joining the SGI Enhanced Global Income ETF (NASDAQ: GINX) and the SGI Enhanced Core ETF (NASDAQ: USDX), collectively holding over $150 million. QXQ is the 25th ETF under RBB's management, bringing total ETF assets to over $7.3 billion. RBB has significantly increased its ETF holdings, growing from 2% of total assets in March 2020 to over 25% now. Future ETF launches are planned, emphasizing RBB’s commitment to innovative trends and market demands.