Thornburg Launches THOR ETF With Dividend Strategy as Investors Shift From AI Megacaps

According to Thornburg Investment Management, the asset manager with approximately $60 billion in assets under management launched THOR, an active dividend and options-focused ETF, as market sentiment shifts away from overvaluation concerns in the Magnificent Seven tech stocks. THOR combines global high-dividend equities with flexible options strategies to generate stable income while maintaining long-term capital appreciation potential.

The launch reflects broader market dynamics, as investors increasingly rotate from concentrated large-cap technology holdings toward international equities, small-cap stocks, and high-dividend securities. Thornburg's flagship Investment Income Builder Fund, managing over $22 billion, has historically avoided the Magnificent Seven and delivered approximately 9.2% annualized returns over 20+ years, with roughly half derived from dividend income.