The one thing most people know about money market funds is that they stay at a dollar. A new one, listed alongside fourteen bond funds charging as little as 0.02%, has politely declined.
Corgi has listed fifteen fixed income funds at once, and the pricing is the story. Seven of the fourteen FTSE funds charge 0.02% under a unitary fee, including the aggregate bond fund AGGB, which puts it a basis point below the giants of the category. The dearest, Fallen Angels, charges 0.08%. The prospectus covers 24 funds, so municipal, mortgage and emerging market versions are still to come. A single portfolio manager is named across all 24. The adviser was founded in July 2025.
The money market fund is the odd one. It is a government money market fund under Rule 2a-7 that invests only in Treasuries and cash, with no repo, and it “will not seek to maintain a stable net asset value”. Because it is an ETF, its price floats with the market like any other share. It charges 0.15%, waived to 0.10%.
Twice I have written about six single-stock funds that existed on the Toronto Stock Exchange and nowhere else. They now have product pages, a press release and a prospectus, so it is possible to say what PowerStock means. It means $133 of stock for every $100 invested, bought with money borrowed from a prime broker, and no covered calls.
The detail that matters is that leverage is not reset daily. With a fixed loan, a falling share price pushes leverage up and a rising one pulls it down, so between rebalancings each fund is most leveraged after a bad run and least leveraged after a good one. The prospectus sets a ceiling of about 150%, above which the manager “will take all necessary steps to reduce the leverage ratio to 133%”. Global X's own head of investment management puts it plainly: “Greater upside exposure also means greater downside exposure.”
The management fee is 0.15%.
The summary prospectus for this fund was originally issued as the Rareview Humanoid Robotics ETF, run by a single portfolio manager, Neil Azous, with no mention of Tuttle Capital anywhere. A supplement filed just before launch added Tuttle as sub-adviser, added Matthew Tuttle as co-manager and put his name on the front of the fund.
The same supplement then explains that Mr. Azous “has final authority on all investment decisions”. So the name that arrived last sits first on the fund and has the second say. I have written about Tuttle funds twice recently, and none of them has been shy about branding.
The eligibility rules are generous in a way robot enthusiasts will appreciate. A company qualifies if it has produced a “fully-functional prototype” of a humanoid robot, or of a component essential to one, and is “actively progressing toward commercial production”. The prospectus defines a humanoid as having “a head, torso, arms and legs”. It must also be worth at least $500 million. Gross expenses of 1.64% are waived down to 0.75%.
Not every disclosure turns out to be a risk factor. Some turn out to be a forecast. Bitwise's own materials describe DOGE as “a memecoin that does not aim to provide utility”, and the fund has now been liquidated less than a year after launch, with roughly $688,000 in assets when the closure was announced.
It is the first US spot Dogecoin ETF to close. Bitwise's explanation is that it “continues to optimize its product range to meet evolving investor needs”, which is what issuers say when the investor needs turn out to be very small.
Gold mining involves digging very large holes, and this fund's index screens for it accordingly. The MerQube index applies screens for “carbon intensity, water usage, waste generation”, sanctions, thermal coal and alignment with SDG 15, the UN goal that covers life on land. Applying a life-on-land test to open-pit miners is ambitious, and the fund deserves some credit for trying.
The first holdings list is more modest than the label. The largest single position at launch was cash, and the third-largest company is Pan American Silver, which has silver in its name even though it earns much of its revenue from gold. The fund holds 41 miners and charges 0.55%.
T. Rowe Price has brought its first active ETFs to Europe, and the US fund is the least excitable thing in this batch. It is an enhanced index fund, “benchmark-aware”, combining fundamental research with quantitative tools and “disciplined portfolio construction”. In other words, it tries to beat the US market by a little without straying far from it.
It charges nothing at all for its first year, then up to 0.14%. There are no prototypes, no borrowed money and no memecoins. It will simply hold large American companies in roughly the right amounts and try to be slightly better at it, which is what most investors wanted from an equity fund all along.