MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 7, 2022 A $4.4B-AUM ETF Shop Takes On Inflation A $4.4-billion-AUM (as of December 31), seven-year-old ETF shop in the Chicago area is teaming up to help investors bet on asset classes that benefit from inflationary pressures.
The new ETF is a series of the Amplify ETF Trust. Amplify Investments serves as investment advisor, and Toroso Investments, LLC serves as subadvisor. Toroso chief investment officer Michael Ventuo and Toroso portfolio managers Qiao Duan and David Dziekanski will PM the new fund. The new fund, an actively managed one, comes with an expense ratio of 85 basis points. The strategy behind the fund involves investing in certain stocks, as well as commodities futures and ETFs (including bitcoin futures and ETFs) that could benefit from inflation. "We believe IWIN provides investors with a dynamic, convenient and diverse approach to combat inflation's impact on broad-based portfolios," Magoon states. Other service providers to the new fund include: Chapman and Cutler LLP as counsel; Cohen & Company, Ltd. as independent accountant; Foreside Fund Services, LLC as distributor; U.S. Bancorp Fund Services, LLC as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. Printed from: MFWire.com/story.asp?s=63979 Copyright 2022, InvestmentWires, Inc. All Rights Reserved |
