CHICAGO--(BUSINESS WIRE)--Amplify ETFs has announced its flagship product, the Amplify Online Retail ETF (NASDAQ:IBUY), has amassed $500 million in assets under management since its April 2016 inception. The fund has returned 44.78% in the past year, and a cumulative return of 104.77%* since inception as of 6/30/2018.
“We knew when we launched IBUY in April 2016 it had potential to be disruptive. Now with more than $500 million in assets and positive performance we feel investors have affirmed IBUY’s position as a bellwether ETF for the evolving retail sector,” said Christian Magoon, founder and CEO of Amplify ETFs.
IBUY began trading on April 20, 2016 and seeks to replicate the price performance of the EQM Online Retail Index (IBUYXT). The rules-based index tracks a globally diverse basket of companies that fall into three online retail categories -- marketplace, travel and merchants -- all of which must generate 70% of revenue from online or virtual sales.
To learn more about IBUY, visit the ETF’s website.
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $900 million in assets across ETFs for which it is Adviser or Sub-Adviser (as of 7/16/2018). Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility. Since its first ETF launch in 2016, Amplify has sought 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.
*Represents cumulative performance as of June 30, 2018. Inception date of the Fund is April 20, 2016.
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CUMULATIVE (%) |
ANNUALIZED (%) | |||||||||||||||||||||
| 1 Mo. | 3 Mo. | 6 Mo. | YTD | Since Inception | 1 Yr. | Since Inception | |||||||||||||||||
| Quarter end as of June 30, 2018 | |||||||||||||||||||||||
| Fund NAV | 8.27% | 13.56% | 25.25% | 25.25% | 104.58% | 45.06% | 38.51% | ||||||||||||||||
| Closing Price | 8.25% | 13.56% | 25.23% | 25.23% | 104.77% | 44.78% | 38.57% | ||||||||||||||||
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The Fund’s gross expense ratio is 0.65%.
The EQM Online Retail Index seeks to measure the performance of global equity securities of publicly traded companies with significant revenue from the online retail business. The Index methodology is designed to result in a portfolio that has the potential for capital appreciation. Eligible constituents derive at least 70% of revenues from online and/or virtual business transactions (as opposed to brick and mortar and/or in-store transactions) in one of three online retail business segments: traditional online retail; online travel; and online marketplace. An investment cannot be made directly in an index.
Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds’ statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. The fund is new with limited operating history. 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. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. A portfolio concentrated in a single industry, such as the online retail industry, makes it vulnerable to factors affecting the industry. The Fund may face more risks than if it were diversified broadly over numerous industries or sectors. Investments in consumer discretionary companies are tied closely to the performance of the overall domestic and international economy, interest rates, competition and consumer confidence. Online retail companies are subject to risks of consumer demand and sensitivity to profit margins. Additionally, technology and internet companies are subject to rapidly changing technologies; short product life cycles; fierce competition; aggressive pricing and reduced profit margins; the loss of patent, copyright and trademark protections; cyclical market patterns; evolving industry standards; and frequent new product introductions. Information technology companies may be smaller and less experienced companies, with limited product lines, markets or financial resources and fewer experienced management or marketing personnel. Stocks of many internet companies have exceptionally high price-to-earnings ratios with little or no earnings histories. Information technology company stocks, especially those which are internet related, have experienced extreme price and volume fluctuations that are often unrelated to their operating performance. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Investments in smaller companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities involve greater volatility and political, economic, and currency risks and differences in accounting methods. The Fund's return may not match or achieve a high degree of correlation with the return of the underlying Index. To the extent the Fund utilizes a sampling approach, it may experience tracking error to a greater extent than if the Fund had sought to replicate the Index.
Diversification does not assure a profit or protect against a loss in a declining market.
Amplify ETFs are distributed by Quasar Distributors LLC.
