BMO, REX Shares Launch 3x Leveraged AI-Focused ETN

Equity ETF Content Hub BMO, REX Shares Launch 3x Leveraged AI-Focused ETN Yasin Mohamud August 27, 2026 On August 26, 2026, Bank of Montreal and REX Shares announced the launch of the MicroSectors™ 3× Long MANGOS+ ex Private Companies ETNs (MNGU) , due July 31, 2046. Issued by BMO, it began trading today on the NYSE Arca, Inc. The ETN is expected to offer “sophisticated investors” three times leveraged participation in the daily performance of the NYSE MANGOS+ Index, after fees, charges and the decay effect caused by the daily resetting of the leverage. The launch also adds to the growing MicroSectors lineup, which currently includes roughly 35 exchange-traded products with more than $9 billion in combined assets. The equally weighted index tracks the performance of 10 U.S.- listed companies sitting in the top tier of the artificial intelligence sector, in terms of importance. Per the Index guidelines, MANGOS refers to six named anchor companies: Meta Platforms, Inc., Anthropic PBC, NVIDIA Corporation, Alphabet Inc., OpenAI Group PBC and Space Exploration Technologies Corp. More on MANGOS “A small group of AI companies have delivered an outsized impact on economic growth, technological advancement, and equity market performance over the past decade,” Scott Acheychek, COO of Rex Shares, said in the announcement. “The MNGU ETNs seek to provide investors with focused leveraged exposure to these market leaders while offering the convenience and transparency of the ETN structure.” BMO Capital Markets Director Saurabh Kushwaha said that AI is “one of the defining themes of this generation.” He added that the index is intended to provide traders with a targeted way to participate in the development of the AI ecosystem. See More: BMO & REX Debut 3X Leveraged Brazil, Japan & Taiwan ETNs The 3x leverage also introduces additional risk. The ETN resets its leverage daily. That means that returns over periods longer than one trading day can differ significantly from three times the cumulative return of the underlying index, particularly in volatile markets. MNGU marks the first exchange-traded product linked to the NYSE MANGOS+ index. Earlier this month, REX Shares and BMO announced six leveraged ETNs focused on Brazilian, Japanese, and Taiwanese equity indexes. For more news, information, and analysis, visit the Equity ETF Content Hub . vettafi.com is owned by VettaFi LLC (“VettaFi”). VettaFi is the index provider for BRZL , BRZD , JPND , JPNU , TAWN , and TPEI , for which it receives an index licensing fee. However, BRZL , BRZD , JPND , JPNU , TAWN , and TPEI , are not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of BRZL , BRZD , JPND , JPNU , TAWN , and TPEI . RELATED TOPICS BMO equity ETF Content Hub MicroSectors mngu New ETFs REX Shares Earn free CE credits and discover new strategies