COLUMBUS, Ohio, June 27,
2024 /PRNewswire/ -- Today, Strive Asset Management
("Strive"), an upstart $1.5 billion*
asset manager focused on unapologetic capitalism, announced the
launch of its thirteenth fund, the Strive International Developed
Markets ETF (NYSE: STXI), which tracks the Bloomberg Developed
Markets ex US Large & Mid Cap Total Return Index.
STXI offers investors passive exposure to markets outside the
U.S. STXI will also deliver to investors Strive's proxy voting and
shareholder engagement, which aims to unlock value for investors by
advocating that companies focus on maximizing value over all other
considerations.
"This cost-effective index fund offers exposure to the
international market, a key aspect of any balanced investment
portfolio," said Matt Cole, CEO of
Strive. "Yet, this fund also comes with all the added benefits that
Strive is known for: an unshakeable focus on investors' financial
interests and aggressive pro-shareholder proxy voting and
engagement."
Cole added, "We look forward to building on our successes from
2023 and into 2024 with a major expansion announcement in the
coming months, which serves as a testament to the extraordinary
demand for pro-capitalism and pro-meritocracy financial
services."
This month, the company passed $1.5
billion in assets under management, less than two years
after the launch of their first fund, the Strive U.S. Energy ETF
(DRLL). Earlier this year, Strive also announced a new retirement
plan for businesses small to large, the Strive Pooled Employer Plan
(Strive PEP), as well as target date/risk funds that can fit easily
into existing retirement plans.
Investors can learn more about STXI at
http://www.strivefunds.com/STXI.
*The company had $1.538 billion
in assets under management as of 6/24/24.
About Strive
Co-founded in 2022 by Vivek Ramaswamy, Strive is a financial services
firm with a mission to maximize value for their clients through
unapologetic support of capitalism. The firm has quickly grown to
manage $1.5 billion in assets,
competing directly with the world's largest financial institutions
by empowering Americans to invest with a sole focus on shareholder
value maximization. Learn more at strive.com.
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 855-427-7360 or visit our website at
www.strivefunds.com. Read the prospectus or summary prospectus
carefully before investing.
Important Risks
An investment in the Fund involves risk. There is no assurance
that the Fund will achieve its investment objective. An investor
may lose money by investing in the Fund. An investment in the Fund
is not a bank deposit and is not insured or guaranteed by the FDIC
or any government agency.
Foreign Investment Risk. Returns on investments in
foreign securities could be more volatile than, or trail the
returns on, investments in U.S. securities. Investments in or
exposures to foreign securities are subject to special risks,
including risks associated with foreign securities generally.
Additional risks may include: capital controls risks, including the
risk of a foreign jurisdiction imposing restrictions on the ability
to repatriate or transfer currency or other assets; currency risks;
political, diplomatic and economic risks. Passive Investment
Risk. The Fund is not actively managed and the Sub-Adviser will
not sell any investments due to current or projected
underperformance of the securities, industries or sector in which
it invests.
New Fund Risk. The Fund is a recently organized investment
company with no operating history.
Bloomberg Developed Markets ex US Large & Mid Cap Total
Return Index: Bloomberg LP ("Bloomberg") is the licensor
of The Bloomberg Developed Markets ex US Large & Mid Cap Total
Return Index (the "Index"). Bloomberg Developed Markets ex US Large
& Mid Cap Total Return Index is a float market-cap-weighted
benchmark of mid- and large- cap companies of developed market
countries, not including the U.S.
Additional risks for STXI can be found here.
The Strive ETFs are distributed by Quasar Distributors, LLC.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/strive-announces-the-launch-of-international-developed-markets-etf-nyse-stxi-302184004.html
SOURCE Strive Enterprises, Inc.