Amplify ETFs Files For Blockchain Leaders ETF
02 November 2017 - 2:29PM
Business Wire
Amplify ETFs, creator of the Amplify Online Retail ETF (IBUY),
announced that it has filed to launch another growth-focused ETF,
the Amplify Blockchain Leaders ETF. The actively-managed ETF seeks
to outperform a Benchmark that invests in companies that are
well-positioned to profit from blockchain technologies, and
exchange-listed products that invest in blockchain-based
applications such as digital commodities.
“We believe blockchain is a foundational technology that is
still in its early stages, much like the internet in the mid
1980s,” said Christian Magoon, CEO of Amplify ETFs. “The Blockchain
Leaders ETF seeks to provide investors with convenient exposure to
companies and applications actively involved in the growing
blockchain ecosystem.”
Amplify is best known for the first and only (according to
ETF.com) ETF focused on online retail stocks (IBUY) and the
YieldShares High Income ETF (YYY), 2017’s ETF of the Year in Fund
Action’s Multi-Asset Class category1.
Amplify ETFs, sponsored by Amplify Investments, has over $320
million in assets across ETFs for which it is Adviser or
Sub-Adviser (as of 10/31/2017). Amplify believes the ETF structure
empowers investors through efficiency, transparency and
flexibility. Using those potential benefits as a foundation,
Amplify seeks to build ETFs powered by investment strategies from
leading index providers and asset managers within unique market
segments. Amplify is also the sponsor of YieldShares, a brand of
income-oriented ETFs.
Investors can learn more at AmplifyETFs.com.
Carefully consider the Funds’ investment objectives, risk
factors, charges, and expenses before investing. This and
additional information can be found in Amplify Funds’ statutory and
summary prospectus, which may be obtained above or by calling
855-267-3837, or by visiting AmplifyETFs.com. For the
YieldShares High Income ETF full or summary prospectus please
visit YieldShares.com. Read the prospectuses carefully
before investing.
The information about the Amplify Blockchain Leaders ETF in
this communication is not complete and may be changed. We may not
sell these securities until the registration statement filed with
the Securities and Exchange Commission is effective. This
communication is not an offer to sell these securities and is not
soliciting an offer to buy these securities in any state where the
offer or sale is not permitted.
Investing involves risk, including the possible loss of
principal. The Fund is subject to management risk because it is an
actively managed. Shares of any ETF are bought and sold at market
price (not NAV), may trade at a discount or premium to NAV and are
not individually redeemed from the Fund. Narrowly focused
investments typically exhibit higher volatility. A portfolio
concentrated in a single industry, such as blockchain companies,
makes it vulnerable to factors affecting the companies. The Fund
may face more risks than if it were diversified broadly over
numerous industries or sectors. The Fund has become more
susceptible to potential operational risks through breaches in
cyber security. Digital Commodity Exchanges and other venues can be
volatile and can adversely affect the value of a Blockchain Fund.
Investments in blockchain companies are subject to: theft, loss, or
destruction; competing platforms and technologies; developmental
risk; intellectual property claims; lack of regulation or liquid
markets, and possible manipulation of blockchain-based assets; and
third party product defects or vulnerabilities. The Fund's return
may not correspond to the Benchmark for any period of time and may
underperform the Benchmark or the overall financial market. The
Fund may invest in shares of other pooled investment vehicles,
including exchange-traded funds (“ETFs”) and exchange-traded notes
(“ETNs”). Shareholders bear both their proportionate share of the
expenses and risks of the underlying pooled investment vehicle.
1At the cutting edge of global fund management, winners of the
Fund Action ETF Innovation Awards have been responsible for ground
breaking ideas, fund products and a level of service that have
helped both investors and clients, as well as furthering the
reputation of the ETF space as a center for financial innovation.
The Awards celebrate the innovation shown by managers and service
providers working in the ETF space. The winners were announced on
February 14, 2017.
Amplify ETFs are distributed by Quasar Distributors LLC. Amplify
Investments LLC is the Investment Adviser to the Fund.
The YieldShares High Income ETF (YYY) is distributed by SEI
Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA
19456), which is not affiliated with Quasar Distributors LLC.
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version on businesswire.com: http://www.businesswire.com/news/home/20171102005910/en/
Gregory FCA for Amplify ETFsAmy Lash,
610-228-2806amyl@gregcomm.com
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