US ETF issuers rush to offer investors new ways to bet on US tech megacap stocks


FILE PHOTO: The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. REUTERS/Brendan McDermid/File Photo

(Reuters) - Asset management companies seeking to offer investors still more ways to play the boom in U.S. mega-cap technology stocks are rolling out new exchange-traded funds (ETFs).

GraniteShares on Monday launched three new leveraged ETFs designed to generate twice the daily return of Microsoft, Amazon.com and Advanced Micro Devices.

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