Yorkville America, the asset manager behind President Donald Trump’s Truth Social exchange-traded funds, is nearing an acquisition that would significantly broaden its investment-product lineup, CEO Steve Neamtz told Reuters. The transaction, involving an institutional asset management firm focused primarily on separately managed accounts, is expected to close in September.
The planned acquisition comes as Yorkville seeks to reduce its reliance on the politically themed America First ETFs that helped establish its profile. The firm has also launched the MANGOS Plus Index ETF, its first fund outside the Truth Social brand, targeting major companies linked to the artificial intelligence boom. The ETF includes Meta, Anthropic, Nvidia, Alphabet, OpenAI and SpaceX, alongside other AI-related companies such as Micron and SanDisk.
To provide exposure to privately held Anthropic and OpenAI, the fund will use perpetual futures contracts tied to the companies. Neamtz said Yorkville has also filed plans for about a dozen additional ETFs, spanning digital-economy themes and macro strategies, as the firm pushes to establish a broader presence across the ETF market.
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