Truth Social ETF Manager Yorkville America to Acquire Firm, Launch AI-Focused Fund

Yorkville America, the asset management firm behind President Donald Trump’s Truth Social exchange-traded funds, is nearing an acquisition and expanding its product lineup in a strategic push to broaden its market focus. In an interview with Reuters, CEO Steve Neamtz said the firm is diversifying beyond its "America First"-themed ETFs.

Strategic Acquisition Nears Completion

Yorkville is in the final stages of acquiring an institutional asset management firm that specializes in separately managed accounts (SMAs), customized portfolios for individual investors. Neamtz, who joined Yorkville in December 2025, stated the transaction is a cornerstone of the firm's growth strategy and should be completed in September.

The CEO declined to name the target firm, citing the ongoing nature of the discussions. This move signals a significant effort by Yorkville to expand its operational footprint beyond the politically branded funds that have defined its public profile to date.

AI-Focused ETF Leads New Product Slate

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As a first step in this expansion, Yorkville is launching the MANGOS Plus Index ETF on Monday, its first fund managed outside the Truth Social brand. The ETF, which will be listed on both the NYSE and its new NYSE Texas division, will focus on companies central to the artificial intelligence theme.

The fund will track an index that includes:

• Meta (META)
• Anthropic
• Nvidia (NVDA)
• Google parent Alphabet (GOOGL)
• OpenAI
• SpaceX
• Other AI-related stocks such as Micron and SanDisk

To provide exposure to the pre-IPO companies Anthropic and OpenAI, the fund will utilize perpetual futures contracts, a type of derivative that tracks an asset’s price without an expiration date. Neamtz called this the first launch in the firm's new "digital and crypto category," with another dozen ETFs planned for the coming months covering digital assets and macro strategies.