SAN FRANCISCO--(BUSINESS WIRE)--Kurv Investment Management LLC (Kurv) today announced the launch of the Kurv Technology Titans Select ETF (Nasdaq: KQQQ). KQQQ seeks to offer investors of all sizes downside mitigation with purer, concentrated exposure to the largest technology and growth stocks.
After the latest run-up in the technology sector, the actively managed ETF is designed to provide downside mitigation through tax-advantaged income by writing covered calls in a general market sell-off.
The fund also employs momentum weighting to magnify the returns of the highest-performing and most growth-oriented technology companies. This adaptive feature looks to maximize total return by improving upon traditional, static, covered call strategies, which can limit portfolio upside in sharp rising markets.
Income-seeking investors often underweight technology stocks because they typically distribute low or no dividends. To combat this, the ETF builds on the theme of the existing Kurv Yield Premium Strategy ETF roster of six single-stock covered-call ETFs, which aim to provide investors exposure to growth stocks without sacrificing income.
“Technology and growth companies have had an incredible run, and to stay diversified, it’s critical to stay invested in the sector. While the market notches new highs, our dynamic covered call writing on select stocks in the portfolio provides a defensive income-generating strategy for when the market inevitably trends down,” said Howard Chan, founder and chief executive officer of Kurv Investment Management. “Our research shows that the largest tech companies have significantly outperformed broad market indices for at least the last two decades. With the resources to capitalize on the advent of commercial artificial intelligence, we see the performance gap for these titans only getting bigger.”
KQQQ is backed by experts at Kurv who believe technology exposure belongs in every portfolio and have launched more than 16 ETFs over the course of their careers. The management team brings over 100 years of combined experience and built their expertise at firms including PIMCO and Goldman Sachs.
“Kurv was created with the mission to offer institutional quality investment products to the masses, so everyone and anyone can reach their investment objectives,” said Chan. “Creating tax-aware, option-based solutions like KQQQ is just one step toward our goal of giving individual investors and advisors the tools they need for greater success.”
For more information about Kurv’s approach to the democratization of institutional-grade investment products, please visit: https://www.kurvinvest.com/
About Kurv Investment Management
Kurv Investment Management is a tax-aware, option-based investment manager founded by a team of highly experienced professionals from industry-leading firms. Kurv Investment Management removes costly and complicated barriers to entry and streamlines management and reporting to serve its mission to democratize access to high-caliber portfolio tools and investment options previously reserved for only the largest institutional investors.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1(888)719-KURV (5878) or visit our website at kurvinvest.com. Read the prospectus or summary prospectus carefully before investing.
Investing in the fund involves a high degree of risk. Principal loss is possible.
Fund Objective: The Fund seeks maximum total return, consistent with prudent investment management.
An investment in the Fund entails risk, including the loss of principal. The Fund is not a complete investment program and investors should review the risks associated with the Fund before investing. The Fund is an actively managed portfolio, and the portfolio managers will apply investment techniques and risk analyses that may not produce the desired result. There can be no guarantee that the Fund will meet its investment objective.
The Fund will invest in the equity securities of, or derivative instruments (e.g. options) relating to, Technology Companies. Accordingly, the performance of the Fund could be negatively impacted by events affecting this sector. Market or economic factors impacting technology companies and companies that rely heavily on technological advances could have a significant effect on the value of the Fund’s investments. The Fund may engage in certain transactions, such as options, that may give rise to leverage, magnifying gains and losses and causing the Fund to be more volatile than if it had not been leveraged. This means that leverage entails a heightened risk of loss. Because the Fund is “non-diversified,” it may invest a greater percentage of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. As a result, a decline in the value of an investment in a single issuer or a smaller number of issuers could cause the Fund’s overall value to decline to a greater degree than if the Fund held a more diversified portfolio. The Fund will invest in Underlying Kurv ETFs, so the Fund’s investment performance is likely to be related to the performance of the Underlying Kurv ETFs. For more information on risks associated with the fund, please review the funds prospectus.
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