Roundhill Launches HALO ETF for Heavy‑Asset Stocks
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- Josh Brown coined the HALO term (heavy assets, low obsolescence) in February and called it a top 2026 investment trend.
- Roundhill Investments launched the Roundhill Halo ETF (ticker LOHA) on Thursday, tracking an index of large U.S. firms whose revenues depend on durable physical assets.
- ExxonMobil has posted about 30% YTD gain, while peers FedEx and Coca‑Cola are up roughly 30% and 17% respectively, underscoring the theme’s market impact.
- Goldman Sachs and Morgan Stanley have added HALO stocks to their 2026 research, highlighting strong performance across industrial, transportation, and mining sectors.
- Dave Mazza of Roundhill says HALO firms need substantial hard assets and are not replaceable by AI; the ETF’s top holdings include Cummins, AutoZone, TFI International, CSX, JB Hunt, and Lennox.
Why it matters: Institutional investors gain a targeted fund to capture ~30% YTD gains in heavy‑asset firms, while AI‑centric stocks risk capital outflows; the LOHA ETF could accelerate capital toward infrastructure and industrial sectors, reshaping sector weightings.
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