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Roundhill Investments has launched the Roundhill BIG Tech ETF (BIGT), providing focused exposure to the 'FAAMG' stocks: Facebook, Amazon, Apple, Microsoft, and Google. The ETF, trading on NASDAQ from April 11, 2023, offers investors a cost-efficient way to invest in these tech giants with an expense ratio of just 0.29%. The ETF employs an equal weighting strategy and plans quarterly rebalancing. Chief Strategy Officer Dave Mazza highlighted that BIGT addresses market uncertainty by offering a direct investment vehicle for these high-quality companies, which are recognized as leaders in technology and substantial contributors to revenue and market capitalization. With the launch of BIGT, Roundhill aims to enhance its suite of innovative financial products tailored for the next generation of investors.
On March 16, 2021, Roundhill Investments announced that BETZ - The Sports Betting and iGaming ETF has exceeded $500 million in assets under management, achieving this milestone within a year of its launch. The surge is attributed to the accelerated growth of online sports betting during the pandemic and ongoing regulatory developments in the U.S., Canada, and Latin America. Additionally, Roundhill plans to launch the Roundhill Pro Sports ETF (NYSE: MVP), marking a new investment opportunity in professional sports and related sectors.
Roundhill Investments has surpassed $500 million in assets under management within two years of its launch. This achievement highlights the firm's focus on reaching a broad base of investors rather than just larger ones. Co-founder Tim Maloney attributes this success to building a community of often underserved investors. The firm is set to launch the Roundhill Streaming Services & Technology ETF (NYSE: SUBZ), the first ETF dedicated to the streaming sector.
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