DETROIT--(BUSINESS WIRE)--Exponential ETFs, an asset management firm that uses technology and automation to provide trading and operational services to ETF issuers, has surpassed $500 million in assets under management (AUM)1 across 14 funds amid recent promotions of key personnel within the firm.
The AUM milestone comes as Charles Ragauss, Managing Director, is promoted to the newly created position of Chief Operating Officer. In his new role, Mr. Ragauss will continue to oversee and manage the day-to-day operations of the firm, including its proprietary strategies and portfolio management sub-advisory business. Meanwhile, Josh Blechman, Director of Capital Markets, is being promoted to Managing Director and will oversee the firm’s expansion of its capital markets service offerings.
“As asset managers face increasing margin pressure, we will continue to find ways to bring efficiencies and automation to the operational and portfolio management functions so that our partners can continue to provide their clients with differentiated investment strategies,” said Phil Bak, Founder and CEO of Exponential ETFs. “$500 million in AUM speaks to the hard work of Charles, Josh and the entire Exponential team, and what they have been able to accomplish for our company and our clients.”
Exponential ETFs offers two proprietary fund strategies, including the American Customer Satisfaction ETF (ACSI), which is based upon the research of Dr. Claes Fornell, and the Reverse Cap Weighted U.S. Large Cap ETF (RVRS) (collectively, “ETF”)* in addition to 12 sub-advised funds. The company also announced in September the launch of Detroit Invests in You, a financial educational program, which seeks to promote financial literacy, education, wellness and proficiency within the Detroit community.
“The milestones that Exponential has achieved in such a short time are a reflection of the caliber and passion of my colleagues,” said Ragauss. “We believe Exponential’s proprietary and automated processes bring significant efficiencies to our clients. The most exciting part is that it is happening right here in Detroit.”
For additional information, please visit www.exponentialetfs.com or contact Exponential ETFs here.
About Exponential ETFs
Exponential ETFs combines technology and automation with industry leading expertise in portfolio management, operations and capital markets to provide ETF trading and operational solutions to select asset managers. Exponential ETFs also offers proprietary ETF and portfolio strategies designed to help investors build better portfolios. Exponential’s proprietary strategies include the American Customer Satisfaction ETF (ACSI) and the Reverse Cap Weighted U.S. Large Cap ETF (RVRS)*.
*Carefully consider the risks, investment objectives, risk factors, and charges and expenses before investing. The prospectuses contain this and other important information about the Fund and are available at acsietf.com and reverseetf.com or by calling 1-800-617-0004. Read the prospectuses carefully before investing. Investing involves risk, including possible loss of principal. Transactions in shares of ETFs will result in brokerage commissions and will generate tax consequences. All regulated investment companies are obligated to distribute portfolio gains to shareholders. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained. RVRS and ACSI are distributed by Quasar Distributors, LLC.
1 As of January 2, 2020 total assets were $500,482,332
