Amplify ETFs Exceeds $1 Billion in Assets Under Management
June 02 2020 - 6:21AM
Amplify ETFs announces the firm has accumulated over $1 billion in
assets under management since the inception of its first exchange
traded fund (ETF) in 2016. The diverse product line currently
includes 10 ETFs across three categories: Core ($369 million),
Income ($232 million) and Thematic ($473 million). Total firm
assets stood at $1.074bil as of 5/31/20.
Amplify ETFs CEO Christian Magoon was an early advocate of the
ETF structure and has been behind the launch of more than 70 ETFs
in his career. “I am incredibly grateful for our internal team and
exceptional partners as we surpass Amplify’s first billion of AUM.
Hard work and collaboration between these groups has been a key
driver of our success,” said Magoon. “From Amplify’s inception, we
have strived to deliver ETFs that matter in the marketplace. To
witness strong support from financial advisors and investors across
our product line is both gratifying and humbling.”
Each product category has contributed to the overall growth of
the firm, demonstrating Amplify’s ability to identify successful
strategies across asset classes. The firm’s flagship and first fund
to market, the Amplify Online Retail ETF (NASDAQ: IBUY), has become
a market leader with $374 million in assets under management (as of
5/31/20). IBUY is also one of two ETFs launched by Amplify to carry
a 5-star overall rating by Morningstar. The fund’s success reflects
the immense long-term opportunity for investors in the online
retail space that has only been accelerated due to COVID-19.
Additional noteworthy products include the Amplify BlackSwan
Growth & Treasury Core ETF (NYSE Arca: SWAN), which has
gathered $353 million in assets under management since launching in
November 2018 (as of 5/31/20); the Amplify CWP Enhanced Dividend
Income ETF (NYSE Arca: DIVO), which has also earned a 5-star
Morningstar overall rating; and the Amplify High Income ETF (NYSE
Arca: YYY), which was the winner of the 2017 “Multi-Asset ETF of
the Year” by Fund Action.
“We look forward to bringing additional ETFs to market that
serve advisors’ and investors' needs in these increasingly dynamic
times,” added Magoon.
Amplify ETFs is widely recognized across the ETF industry,
securing multiple award nominations from ETF.com and Fund
Intelligence in their respective annual award events.
For more information about Amplify ETFs’ complete product
lineup, visit https://amplifyetfs.com.
ContactsSales Contact:Amplify
ETFs855-267-3837info@amplifyetfs.com
Media Contact:Gregory FCA for Amplify ETFsKerry Davis,
610-228-2098amplifyetfs@gregoryfca.comThe Amplify Online Retail ETF
(IBUY) received 5 stars among 42 Consumer Cyclical funds for the
three-year period ending 4/30/20. The Amplify CWP Enhanced Dividend
Income ETF (DIVO) received 5 stars among 118 Options-based funds
for the three-year period ending 4/30/20.
Carefully consider the Funds’ 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. 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. The Fund's return may not
match or achieve a high degree of correlation with the return of
the underlying Index.
For full disclosure on the funds mentioned above, please refer
to each Fund’s respective website:IBUY website and ProspectusSWAN
website and ProspectusDIVO website and ProspectusYYY website and
Prospectus
For a description of the annual ETF.com awards selection
process, click here. For a description of the annual Fund
Intelligence Mutual Fund & ETF awards selection process, click
here.
The Morningstar Rating™ for funds, or “star rating”, is
calculated for managed products with at least a three-year history.
ETFs and open-ended mutual funds are considered a single population
for comparative purposes. It is calculated based on a Morningstar
Risk-Adjusted Return measure that accounts for variation in a
managed product’s monthly excess performance, placing more emphasis
on downward variations and rewarding consistent performance. The
Morningstar Rating does not include any adjustment for sales loads.
The Overall Morningstar Rating for a managed product is derived
from a weighted average of the performance figures associated with
its three-, five-, and 10-year (if applicable) Morningstar Rating
metrics. While the 10-year overall star rating formula seems to
give the most weight to the 10-year period, the most recent
three-year period actually has the greatest impact because it is
included in all three rating periods.
©2020 Morningstar. All Rights Reserved. The information
contained herein: (1) is proprietary to Morningstar and/or its
content providers; (2) may not be copied or distributed; and (3) is
not warranted to be accurate, complete or timely. Neither
Morningstar nor its content providers are responsible for any
damages or losses arising from any use of this information. Past
performance is no guarantee of future results.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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