The rapid rise of a new artificial intelligence-focused stock market theme is already finding its way into exchange-traded funds (ETFs), with two asset managers seeking regulatory approval to launch products tied to the newly coined “MANGOS” acronym, according to filings reviewed by Reuters.
The move comes just days after SpaceX completed a record $75 billion initial public offering, sparking fresh enthusiasm among investors for AI-linked companies and creating momentum behind a new basket of stocks that some market participants see as a successor to the widely followed Magnificent Seven trade.
