ProShares MSCI Transformational Changes ETF (ANEW) Covered Calls

The ProShares MSCI Transformational Changes ETF (ANEW) is a thematic ETF that provides global equity exposure to companies driving structural innovation. The fund targets businesses positioned to benefit from four key megatrends: the future of work, digital consumer behavior, genomics and telehealth, and the food revolution. By investing in these interconnected themes, ANEW seeks to capture long-term growth from industry leaders shaping the modern global economy.

You can sell covered calls on ProShares MSCI Transformational Changes ETF to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for ANEW (prices last updated Fri 4:16 PM ET):

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The ProShares MSCI Transformational Changes ETF (ANEW) offers a diversified approach to thematic investing by aggregating four critical drivers of global change. Instead of focusing on a single narrow industry, the fund invests in companies across developed and emerging markets that are at the forefront of the Future of Work, Digital Consumer, Genomics & Telehealth, and the Food Revolution. This multi-theme strategy allows investors to gain broad exposure to innovations that are fundamentally altering how society operates.

The fund tracks the MSCI Global Transformational Changes Index, utilizing a market-cap-weighted methodology to ensure exposure to established market leaders. By identifying firms with high relevance scores in these specific themes, the portfolio captures the growth potential of companies that are successfully scaling new technologies and business models. This systematic approach provides a way to access long-term innovation without the concentration risk associated with pure-play single-industry funds.

Competitive Landscape

ANEW competes within the expansive thematic ETF space, where it is distinguished by its bundled, multi-pillar construction. It faces competition from specialized, theme-specific funds such as the ARK Genomic Revolution ETF, which focuses heavily on biotechnology, and various cloud computing or digital transformation ETFs like the Global X Cloud Computing ETF. These competitors often provide deeper, concentrated exposure to individual sectors.

In contrast, ANEW’s competitive advantage is its thematic diversification. By balancing exposure across health care, information technology, communication services, and materials, the fund aims to provide a smoother ride than volatile, single-theme vehicles. It is designed as a "satellite" growth position for investors who want broad exposure to innovation rather than picking winners in a single disruptive category.

Strategic Outlook and Innovation

The strategic outlook for ANEW is based on the durability of its core themes. The fund manager maintains the index’s relevance by regularly rebalancing the portfolio to reflect shifting market leadership within these sectors. This ensures that as technologies evolve—such as the transition toward smarter automated workplaces or the maturation of precision medicine—the fund continues to hold the companies most actively capitalizing on these trends.

Innovation at the fund level is focused on its selection methodology, which uses natural language processing to objectively quantify a company’s exposure to these transformational themes. By relying on a rules-based index, ANEW eliminates the bias of active manager picking while remaining adaptable to the changing global landscape. The objective remains to provide a reliable, transparent, and efficient investment tool that allows portfolios to evolve in lockstep with global innovation.

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