The team at a Gotham ETF shop focused on alternatives is teaming up with a familiar subadvisor to help investors bet on the "Next Economy."
| Gregory David "Greg" Bassuk|
AXS Investments LLC
On Thursday, Greg Bassuk
, CEO of AXS Investments, LLC
], and Garvin Jabusch
, chief investment officer of Green Alpha Advisors, LLC
of the AXS Green Alpha ETF
(NXTE on the NYSE Arca, Inc.
). The new fund is a series of the Investment Manager Series Trust II
and comes with an expense ratio of 100 basis points. Its inception date was last Tuesday.
AXS serves as NXTE's investment advisor, while Green Alpha (which already subadvises another AXS fund) serves as NXTE's subadvisor. The new fund's PM team includes two AXS portfolio managers (Parker Binion
and Travis Trampe
) and two from Green Alpha (Jabusch and Jeremy Deems
, chief financial officer and chief compliance officer).
Bassuk describes the NXTE as "the industry's first ever Next Economy ETF" and lauds Green Alpha for their "decades-long expertise in this area."
"We're thrilled to expand our partnership with AXS Investments," Jabusch states. "Our Next Economy approahc has been proven to uncover successful companies that are advancing economic productivity gains, renewable energies, waste-to-value supply chains and equitable distribution of wealth. Collaborating with AXS gives investors ETF access to these distinct exposures."
"We are thrilled to bring this Next Economy ETF to the broader investing public," Bassuk states.
NXTE's other service providers include: Brown Brothers Harriman & Co. (BBH
) as custodian, fund accounting agent, and transfer agent; IMST Distributors, LLC
as distributor; Morgan Lewis & Bockius LLP
as counsel; Mutual Fund Administration, LLC (MFAC
) as co-administrator; Tait, Weller & Baker LLP
as independent accounting firm; and UMB Fund Services, Inc.
(UMBFS) as co-administrator.
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