Amplify ETFs Delivers Blockchain-Based Exposure with the New Amplify Transformational Data Sharing ETF (NYSE Arca: BLOK)
January 16 2018 - 5:00AM
Business Wire
Actively-Managed ETF Focused on Companies
Developing or Utilizing Blockchain-Based Technologies
Amplify ETFs announced today that the Amplify Transformational
Data Sharing ETF (NYSE Arca: BLOK), an actively-managed ETF will
begin trading on Wednesday, January 17, 2018. BLOK invests in
publicly-traded global companies leading the research, investment
and revenue creation related to blockchain-based and other
distributed ledger technologies. A blockchain is a decentralized
database shared across all users that facilitates the process of
recording transactions and tracking assets across a business
network. This foundational technology is expected to pave the way
for significant disruptions across many industries.
BLOK utilizes an actively-managed approach to investing in the
fast developing world of blockchain-based technology, allowing the
fund’s portfolio managers to respond in real-time to valuations,
company fundamentals and announcements that may impact the
blockchain marketplace.
“We are excited to offer BLOK as a professionally-selected,
convenient and responsive way to invest in a basket of the leading
companies engaged in advancing blockchain-based technology,” said
Christian Magoon, CEO of Amplify ETFs. Magoon added, “BLOK may
offer growth-oriented investors an attractive way to gain
diversified exposure to a new technology whose impact has been
compared to that of the internet.”
BLOK will be co-managed by the Fund’s sub-advisers, Toroso
Investments, LLC and CSAT Investments Advisory LP.
The launch of BLOK is consistent with Amplify’s value
proposition to bring first-to-market products across growth and
income segments. Click here for a list of all Amplify ETFs:
AmplifyETFs.com
About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $400
million in assets across ETFs for which it is Adviser or
Sub-Adviser (as of 1/15/2018). Amplify believes the ETF structure
empowers investors through efficiency, transparency and
flexibility. Using those benefits as a foundation, Amplify seeks to
build ETFs powered by investment strategies from leading index
providers and asset managers within unique market segments. Amplify
is also the sponsor of YieldShares, a brand of income-oriented
ETFs.
Carefully consider the Fund’s 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 is subject to
management risk because it is an actively managed. Narrowly focused
investments typically exhibit higher volatility. A portfolio
concentrated in a single industry, such as blockchain companies,
makes it vulnerable to factors affecting the companies. The Fund
may face more risks than if it were diversified broadly over
numerous industries or sectors. The Fund has become more
susceptible to potential operational risks through breaches in
cyber security. Digital Commodity Exchanges and other venues can be
volatile and can adversely affect the value of a Blockchain Fund.
Investments in blockchain companies are subject to: theft, loss, or
destruction; competing platforms and technologies; developmental
risk; intellectual property claims; lack of regulation or liquid
markets, and possible manipulation of blockchain-based assets; and
third party product defects or vulnerabilities. The Fund will
invest in the securities of foreign companies. Securities issued by
foreign companies present risks beyond those of securities of U.S.
issuers.
For BLOK, Amplify Investments LLC is the Investment Adviser to
the Fund, and Toroso Investments, LLC and CSAT Investment Advisory,
L.P serve as the Investment Sub-Advisers.
Amplify ETFs are distributed by Quasar Distributors LLC.
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version on businesswire.com: http://www.businesswire.com/news/home/20180116005556/en/
Gregory FCA for Amplify ETFsAmy Lash,
610-228-2806amyl@gregoryfca.com