MutualFundWire.com: $50MM In a Month and a Half, And ...

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Thursday, November 10, 2022

$50MM In a Month and a Half, And ...

The folks at a Gotham alternatives fund firm are celebrating milestones for a pair of their funds.

Gregory David "Greg" Bassuk
AXS Investments LLC
Chairman, CEO

Yesterday, Greg Bassuk, CEO of New York City-based AXS Investments [profile], and Betsy Moszeter, chief distribution and marketing officer of Green Alpha Investments, confirmed that the AXS Green Alpha ETF (NXTE) surpassed $50 million in AUM in 29 trading days. The fund, subadvised by Green Alpha, debuted about six weeks ago.

"Crossing the $50 million mark in just 29 days of trading is an exciting milestone for NXTE, and very reflective of our ability to identify areas of high investor demand to which we can bring first-of-its-kind investment access," Bassuk states.

Meanwhile, on Saturday the AXS Short Innovation Daily ETF (SARK) reached its one-year anniversary. The fund crossed $100 million in AUM in just 24 trading days when it debuted last year and now has about $336 million in AUM. SARK offers investors a way to bet against a certain high-profile, innovation-focused ETF, and it returned 113.77 percent in year one, even as broader markets shook. (The S&P 500 fell 18.54 percent in that same period.)

SARK's milestone comes after AXS adopted the ETF and its five siblings earlier this year.

Bassuk describes AXS "as the industry's pure-play provider of alternatives to traditional asset classes."

Printed from: MFWire.com/story.asp?s=65120

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