Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Houston Startup Teams Up For an ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 6, 2023

A Houston Startup Teams Up For an ETF

Reported by Neil Anderson, Managing Editor

The team at a commodity-based investment shop in Texas is partnering up to launch an index fund.

Last month, Timothy Kramer, CEO of CNIC Funds, LLC, and Varun Pawar, head of ICE Data Indices LLC, unveiled the launch of the CNIC ICE U.S. Carbon Neutral Power Futures Index ETF (AMPD on the NYSE Arca, Inc.). The new fund is a series of Tidal Trust II.

AMPD's inception date was May 18, and the new fund comes with an expense ratio of 95 basis points. As of yesterday, the fund had $2.29 million in AUM.

Carbon Neutral Investment Company, LLC (CNIC) is the sponsor of AMPD, while ICE is the index provider, Toroso Investments, LLC is the investment advisor, and Toroso affiliate Tidal ETF Services LLC is administrator. The new fund is PMed by Qiao Dunn and Charles Ragauss, portfolio managers at Toroso, And the fund is designed to track the ICE U.S. Carbon Neutral Power Index (ICECNPIT), which launched back in January.

Kramer puts the launch of AMPD in the context of the high correlation between electricity prices and CPI.

"CNIC is proud to partner with Tidal Financial Services in bringing AMPD to the market as the only commodity-based carbon neutral product that seeks to provide inflation mitigation and portfolio diversification," Kramer states.

"Leveraging ICE's deep understanding of commodities and innovative approach to index construction, and a methodology licensed from CNIC, highlights the power of ICE Data Indices' platform and our ability to offer investors soltuions to meet their needs," Pawar states.

According to Donald Sinclair, chairman of CNIC, "AMPD will broadly represent total U.S. electricity consumption and the associated U.S. power prices."

"We believe there is significant investor demand for a carbon neutral commodity-based financial product and we are excited to be able to team up with ICE and Tidal Financial Services to bring these products to market," Sinclair states.

AMPD's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, subadministrator, and transfer agent; and U.S. Bank National Association as custodian. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. WE PNW Seattle - Holiday Party, December 3
  2. WE Boston - Women's Initiative Joint Holiday Networking Reception, December 4
  3. WE South - Wine Wednesday Holiday Celebration, December 4
  4. IDC Foundations for Fund Directors, Dec 4-5
  5. Nicsa webinar - Post-Election Insights: Impact on Global Policies, Markets, and Regulations, December 4
  6. WE Denver - 2024 Annual Holiday Party, December 5
  7. WE Washington D.C. - 2024 Holiday Dinner Event, December 5
  8. MFDF webinar - BDC Board Service 101, December 10
  9. MFDF webinar - ETF Product Trends: Board Implications, December 11
  10. MFDF webinar - Visually Mapping Board Composition: Skills Matrices in Fund Board Rooms, December 18
  11. MFDF webinar - 2024 Fair Valuation Pricing Survey: Building and Strengthening the Valuation Operating Model, January 7, 2025
  12. MFDF webinar - 15(c) White Paper Webinar Series: Part 2 – Board Processes, January 9, 2025
  13. MFDF webinar - AI and Fund Compliance, January 21, 2025
  14. MFDF In Focus - In Focus: Small Boards' Use of Skills Matrices, January 22, 2025
  15. FSI OneVoice 2025, January 27 - 29, 2025
  16. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  17. 2025 ICI Innovate, February 3 - 5, 2025
  18. MFDF Director Discussion Series - Open Forum, February 10, 2025
  19. MFDF Director Discussion Series - Open Forum, February 11, 2025
  20. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025
  21. MFDF Director Discussion Series - Open Forum, April 2, 2025
  22. MFDF Director Discussion Series - Open Forum, April 15, 2025
  23. The 36th Sub-Advised Funds Forum, April 29 - 30, 2025
  24. Morningstar Investment Conference 2025, June 25 - 26, 2025
  25. MFDF Director Discussion Series - Open Forum, July 9, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use