BIGT provides focused exposure to the five megacap technology
companies known as the "FAAMG" stocks.
NEW
YORK, April 11, 2023 /PRNewswire/ -- Roundhill
Investments ("Roundhill"), a leading provider of innovative
financial products, is excited to announce the launch of the
Roundhill BIG Tech ETF (BIGT). Trading today on the NASDAQ, BIGT
seeks to provide investors with concentrated and cost-efficient
exposure to the largest and most influential U.S. technology
stocks, known collectively as "FAAMG".
Dave Mazza, Chief Strategy
Officer at Roundhill, said, "With all of the market uncertainty in
2023, investors are seeking safety in the FAAMG stocks, which are
viewed as amongst the highest quality companies globally. Until
today, the only way to gain exposure to these tech giants was by
purchasing all five stocks individually, or via diversified tech
ETFs that include smaller and potentially less relevant stocks.
Today's launch of BIGT provides investors with a precision tool to
trade FAAMG, and only FAAMG, in a single ETF."
Following the launch of BIGT, Roundhill's innovative suite of
concentrated BIG ETFs includes:
Fund
Name
|
Ticker
|
Concentrated
Exposure
|
Initial
Holdings
|
Gross Expense
Ratio
|
Roundhill BIG Tech
ETF
|
BIGT
|
"FAAMG"
Stocks
|
Apple, Microsoft,
Alphabet (Google), Amazon, Meta Platforms, Inc.
|
0.29 %
|
Roundhill BIG Bank
ETF
|
BIGB
|
Largest U.S.
Banks
|
Bank of America,
Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, Wells
Fargo
|
0.29 %
|
Note: Holdings subject to change.
We believe the Roundhill BIG Tech ETF stands out from
traditional ETFs, which typically track large, diversified baskets
of companies across various sectors and industries. For instance,
the Nasdaq 100 Index, a popular benchmark for tech exposure,
includes a diverse array of non-tech companies such as PepsiCo and
Costco. In contrast, BIGT offers a more targeted approach, focusing
on the tech giants at the forefront of innovation throughout cloud
computing, e-commerce, artificial intelligence, and more. This
focused exposure, combined with the cost and liquidity benefits of
the ETF structure, is now available at an expense ratio of 0.29%.
The fund will use an equal weighting strategy, with quarterly
rebalancing and annual reconstitution.
"Investors recognize that the FAAMG companies — Facebook,
Amazon, Apple, Microsoft, and Google — are not only leaders in
their respective technologies, such as social media, e-commerce,
consumer electronics, cloud computing, and search, but also the
largest in terms of revenues, profits, and market capitalization,"
said Dave Mazza, Chief Strategy
Officer at Roundhill. "BIGT provides a unique opportunity for
investors to gain focused exposure to these technology giants,
which are shaping our digital landscape and driving growth across
multiple industries."
Roundhill plans to introduce additional funds to its suite of
BIG ETFs in the coming months.
For more information on BIGT and the rest of the BIG suite of
ETFs, please visit
https://www.roundhillinvestments.com/etf/big/thisisbig.
About Roundhill Investments:
Roundhill Investments is a registered investment adviser focused
on offering innovative financial products designed to offer
exposure to investment themes that appeal to the next generation of
investors. To learn more about the company, please visit
roundhillinvestments.com.
Investors should consider the investment objectives, risk,
charges, and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
BIGT ETF please call 1-855-561-5728 or visit the website
http://www.roundhillinvestments.com/etf/big/bigt. Read the
prospectus and summary prospectus carefully before
investing.
Important Risks
The Fund expects to have concentrated (i.e., invest more
than 25% of its net assets) investment exposure in one or more of
the Technology Industries at any given time, which may vary over
time. Further, the Fund expects to obtain such investment exposure
by transacting primarily with a limited number of financial
intermediaries conducting business in the same industry or group of
related industries. As a result, the Fund is more vulnerable to
adverse market, economic, regulatory, political or other
developments affecting those industries or groups of related
industries than a fund that invests its assets in a more
diversified manner. The value of stocks of information technology
companies and companies that rely heavily on technology is
particularly vulnerable to rapid changes in technology product
cycles. Please see the summary and full prospectuses for a more
complete description of these and other risks of the Fund.
The BIG Funds are distributed by Foreside Fund Services,
LLC.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/roundhill-introduces-first-ever-faamg-etf-nasdaq-bigt-301793795.html
SOURCE Roundhill Investments