Truth Social fund firm Yorkville America plans acquisition, more ETF launches

By Suzanne McGee

PROVIDENCE, Rhode Island, Aug 31 (Reuters) - Yorkville America, the asset manager behind President Donald Trump's Truth Social exchange-traded funds, is close to completing an acquisition aimed at broadening its product range, the firm's CEO Steve Neamtz told Reuters.

Neamtz, who joined the firm in December 2025, said the transaction will serve as a cornerstone of Yorkville's strategic growth as it widens its focus beyond the America First-themed ETFs now managed under the Truth Social label. The deal should be completed in September.

The planned acquisition and new product launches mark an effort by Yorkville to move beyond the politically branded funds that first put it on the map.

"We're in the final stages of closing a deal with an institutional asset management firm that primarily has been in the separately managed accounts business," Neamtz said. He declined to name the firm, citing ongoing talks. Separately managed accounts are customized portfolios for individual investors.

Yorkville is one of only a small number of ETF providers to have jumped into the business within the last year or two by offering a broad range of funds rather than focusing on more niche segments of the market, such as leveraged products or funds that aim to deliver a specific pattern of returns or income. Its existing lineup ranges from energy and defense ETFs to real estate and companies with iconic brands.

A step in that direction is the launch on Monday of the MANGOS Plus Index ETF, which Yorkville will list on both the NYSE and its new division, NYSE Texas. The fund, the first Yorkville will manage outside the Truth Social brand, targets some of the market's most popular stocks: those linked to the development and rollout of AI.

The fund will track an index consisting not just of the MANGOS companies (Meta META.O, Anthropic, Nvidia NVDA.O, Google parent Alphabet GOOGL.O, OpenAI and SpaceX SPCX.O) but also an assortment of other stocks tied to the AI theme, a list that currently includes Micron MU.O and SanDisk SNDK.O.

To get exposure to the two pre-IPO companies, Anthropic and OpenAI, the fund will use perpetual futures contracts, a type of derivative that tracks an asset's price without an expiration date, tied to each of the two firms.

"This will be the first launch in our digital and crypto category of products," Neamtz said.

Yorkville has filed to launch another dozen ETFs in the coming weeks and months, ranging from other funds tied to the digital economy to products based on macro strategies.

(Reporting by Suzanne McGee, editing by Colin Barr and Sanjeev Miglani)

((Suzanne.McGee@thomsonreuters.com))