US asset managers file for first ETFs targeting Wall Street’s new obsession, AI and the ‘MANGOS’
Two asset managers are moving to bring AI-centric exchange-traded funds to the market, embracing a fresh naming trend that is catching fire across trading floors and social chatter. Late filings with regulators reveal plans for funds anchored to the MANGOS concept, a mix of big-name tech players and the up-and-coming AI crowd.
Yorkville America, known for its Truth Social ETF lineup, and Corgi Securities, a newer entrant to the ETF scene, have proposed funds built around the MANGOS theme. The idea is to spotlight a mix of public leaders and select private AI players that have strong exposure to artificial intelligence adoption.
Under the plan, the Mango Plus ETF would assemble a core bundle of the MANGOS stocks along with a handful of additional AI-focused firms, creating a broader AI-growth sleeve. A variation aiming to deliver income to investors is also on the table. Meanwhile, Corgi’s approach would center on the six core MANGOS names alone.
The core MANGOS group features four publicly traded giants — Meta Platforms, Nvidia, Alphabet’s Google, and SpaceX — paired with two private AI firms, Anthropic and OpenAI. The label is meant to stand in for a future-looking group-view of market leadership shaped by AI development and deployment.
Separate from the core, the Parabolic 7 concept groups in Micron Technology and SanDisk among others, signaling a broader belief that AI adoption is poised to lift a wider slice of tech-related companies. The field is evolving quickly as more issuers seek to offer targeted exposure to leading AI-driven growth stories.
Industry observers note the rapid pace of product development in ETFs, with the MANGOS idea illustrating how product design is narrowing the focus to a handful of dominant AI-influenced names, including some of this year’s marquee IPOs.
If approved, the funds could start trading by late summer, marking a milestone in the ongoing wave of thematic ETFs that aim to capture the AI megatrend through concentrated, thematic allocations.
As interest in AI accelerates, investors are increasingly turning to thematic vehicles that attempt to balance concentration with diversification within a clearly defined growth theme. The MANGOS concept is the latest attempt to translate the AI narrative into an investable product aimed at traders and long-term holders alike.
