AAM launches an innovation and transformation ETF
Andres Victorero

Advisors Asset Management unveiled its latest thematic ETF to the market on Tuesday with the launch of the AAM Transformers ETF (TRFM).
The exchange traded fund intends to track the investment results of the Pence Transformers Index, which aims to invest in companies whose products and services show compelling potential to transform consumer behavior, technological innovation, and the global economy.
TRFM trades on the New York Stock Exchange and is attached with a 0.49% expense ratio and 167 holdings.
Bolstered inside the fund's top ten holdings are the popular mega cap names including Apple (AAPL), Alphabet (GOOG) (GOOGL), Microsoft (MSFT), Tesla (TSLA), Amazon (AMZN), and Meta Platforms (META). The six names cumulatively represent 11.06% of the ETF.
Additionally, the information technology sector, consumer discretionary space, and consumer services segment of the market together represent 88.9% of TRFM.
âWhile new technologies are being introduced all the time, not all of them will be disruptive. It takes a specific investment approach and process to identify companies that have the potential to be disruptive,â said Lance McGray, Managing Director and Head of ETF product at AAM. âWe feel that TRFMâs distinct investment process, paired with the low-cost, tax-efficient ETF wrapper, may be a great solution for growth seeking investors.â
In greater market news, major indices are higher at the moment heading into the close but trading is very choppy and leadership keeps changing hands.