Global X Launches Magnificent Six ETF
The actively managed fund tracks six mega-cap tech companies and excludes Tesla from the Magnificent Seven lineup.
Updated on Nov. 4, 2026 in Investing
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Global X launched the actively managed Global X Magnificent Six ETF (SIX) on November 4, 2026. The fund invests in equities and derivatives tied to Alphabet, Amazon, Apple, Meta Platforms, Microsoft and Nvidia, and excludes Tesla Inc. (TSLA).
Why it matters
The six companies delivered roughly 66% of the Bloomberg 500 Index's earnings per share growth over the 12 months ending September 30, 2026. The launch gives investors a concentrated, actively managed vehicle focused on that earnings engine rather than the broader Magnificent Seven grouping.
The fund carries a 0.20% expense ratio and Apple was its largest holding at launch at 24% of the portfolio. The six companies accounted for roughly 66% of Bloomberg 500 Index earnings per share growth over the 12 months ending September 30, 2026, and the fund's post-launch performance has not yet been reported.
The players
Global X
Global X is an exchange-traded fund issuer offering more than 115 ETFs and roughly $89 billion in assets under management.
The details
SIX is actively managed and lists on the Cboe BZX Exchange, investing in equities and derivatives contracts tied to companies in the Akros Magnificent Six Index. Tesla Inc. (TSLA) is excluded, even though it recorded a year-to-date decline of more than 13% in 2026.
Timeline
September 30, 2026: End of the 12-month earnings growth measurement period.
November 4, 2026: Global X launched the SIX ETF.
Market Dynamics
The fund packages a concentration in which six mega-cap technology companies generated about two-thirds of Bloomberg 500 earnings per share growth into a single actively managed vehicle. The six companies are projected to invest roughly $700 billion in capital expenditures in 2026 and $1 trillion in 2027, which could extend that earnings dominance.
Investors weighing SIX must account for its 0.20% expense ratio and concentration, with Apple at 24% of the portfolio at launch. Those holding broad index funds may see overlap with the six named companies.
The takeaway
Concentrated thematic ETFs can amplify exposure to a few large companies, so investors should compare holdings and fees against what they already own before buying.
Further reading
Explore more on Investing to see how concentrated index funds fit into broader portfolio strategy.
Source note: This article includes information reported by ETF Trends.
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