{"id":2157,"date":"2026-06-16T22:08:17","date_gmt":"2026-06-16T22:08:17","guid":{"rendered":"https:\/\/reliablemovingcrews.com\/?p=2157"},"modified":"2026-06-16T22:08:17","modified_gmt":"2026-06-16T22:08:17","slug":"us-asset-managers-file-for-first-etfs-targeting-wall-streets-new-obsession-ai-and-the-mangos","status":"publish","type":"post","link":"https:\/\/reliablemovingcrews.com\/?p=2157","title":{"rendered":"US asset managers file for first ETFs targeting Wall Street&#8217;s new obsession, AI and the &#8216;MANGOS&#8217;"},"content":{"rendered":"<div>\n<div>\n<div>\n<ul>\n<li>Companies<\/li>\n<\/ul>\n<\/div>\n<div>\n<ul>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<li><svg><\/svg>\n<div>\n<div>\n<div><button><span><span>Follow<\/span><\/span><\/button><\/div>\n<\/div>\n<\/div>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<div>June 16 (Reuters) &#8211; Just days after SpaceX (SPCX.O)<svg><\/svg><span>, opens new tab<\/span> wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers \u200bdisclosed plans to launch exchange-traded funds linked to the new AI-stock acronym \u200cthat is all the buzz on Wall Street.<\/div>\n<div>In what ETF market analysts described as the latest example of &#8220;concept investing,&#8221; Yorkville America, the company that manages the Truth Social ETF franchise, and ETF industry newcomer Corgi \u200bSecurities both filed late on Monday with the U.S. Securities and Exchange Commission \u200bfor permission to roll out new funds pegged to the &#8220;MANGOS&#8221; moniker that sprang \u2060to life on X and other social media sites ahead of the SpaceX IPO.<\/div>\n<div>The \u200bphrase \u2014 vying to replace the Magnificent 7 as a way for investors and speculators to view \u200bmarket-leading growth companies \u2014 is intended to refer to the collection of four public companies, Meta Platforms (META.O)<svg><\/svg><span>, opens new tab<\/span>, Nvidia (NVDA.O)<svg><\/svg><span>, opens new tab<\/span>, Alphabet&#8217;s (GOOGL.O)<svg><\/svg><span>, opens new tab<\/span> Google, and SpaceX and two private ones, Anthropic and OpenAI, all of which have hefty exposure \u200bto artificial intelligence.<\/div>\n<div>&#8220;This tells you just how rapidly the product development cycle is moving in \u200bthe ETF industry right now,&#8221; said Dan Sotiroff, an analyst at Morningstar. &#8220;This is going to be even \u200cmore \u2060concentrated than the Magnificent 7, and just as important, it&#8217;s going to be heavily exposed to the big IPOs of the year.&#8221;<\/div>\n<div>Yorkville did not respond to requests for comment.<\/div>\n<div>In its filing for the Mango Plus ETF, as well as a variant that would generate additional income \u200bfor investors, the \u200bfirm said it would \u2060build a portfolio from some combination of the core &#8220;MANGOS&#8221; stocks as well as seven other companies that include Micron (MU.O)<svg><\/svg><span>, opens new tab<\/span> and SanDisk (SNDK.O)<svg><\/svg><span>, opens new tab<\/span>, which \u200bit believes also will benefit from AI adoption, and which it dubbed \u200bthe &#8220;Parabolic 7.&#8221;<\/div>\n<div>According \u2060to its filing, Corgi plans to invest only in the six core MANGOS stocks. Ed Rumell, head of ETF distribution for the firm, declined to comment on its plans, citing SEC \u2060restrictions on \u200bdiscussing an active filing.<\/div>\n<div>Both ETFs could make their debut \u200bby the end of August, according to SEC rules.<\/div>\n<\/div>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2155\">BMW lowers profit outlook due to China downturn, Iran war double whammy<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2153\">G7 leaders discuss \u2018trusted partners\u2019 access to cutting-edge US AI models, sources say<\/a><\/p>\n<p>Read more <a href=\"https:\/\/reliablemovingcrews.com\/?p=2151\">US senators ask for review of Tesla\u2019s \u2018Full Self-Driving\u2019 safety data, citing Reuters report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just days after SpaceX wrapped up its record $75 billion initial public stock offering and ignited another burst of enthusiasm among traders for all things AI, two asset managers \u200bdisclosed plans to launch exchange-traded funds linked to the new AI-stock acronym \u200cthat is all the buzz on Wall Street.<\/p>\n","protected":false},"author":1,"featured_media":2156,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[112,134,41],"class_list":["post-2157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-capital-markets","tag-etfs","tag-securities-enforcement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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