Roundhill Launches MAGP ETF Combining Magnificent Seven and AI Giants

Roundhill Investments has launched the Roundhill Magnificent Seven Plus ETF (MAGP) on Cboe, becoming the first ETF to combine the Magnificent Seven stocks with Broadcom, SpaceX, OpenAI, and Anthropic in a single portfolio. The fund provides exposure to 11 major technology companies driving artificial intelligence, cloud computing, and digital infrastructure. As of November 11, MAGP held approximately 9.4% to 9.7% in each of its nine publicly traded holdings, alongside 6.72% exposure to OpenAI and 6.66% to Anthropic. Notably, the ETF gains exposure to the two private AI companies through total return swaps referencing BITA perpetual futures indices rather than direct equity ownership. The launch builds on Roundhill's existing Magnificent Seven ETF strategy, expanding its focus to capture the next generation of technology leaders as the AI investment landscape evolves.