ETF focuses on companies that provide opportunities for U.S.
Military Veterans
UBS Investment Bank today announced the launch of the
InsightShares Patriotic Employers ETF, the second exchange traded
fund ("ETF") issued under the "InsightShares" brand. This ETF
offers the opportunity to invest in a socially conscious strategy,
focusing on the employment of U.S. military veterans.
"We believe this is an innovative way for investors to express
their support for the veteran community," said Richard Cea,
Executive Director of Exchange Traded Products at UBS. "This ETF
provides investors with exposure to companies that recognize the
value of our nation's veterans to the workforce."
A portion of the revenues generated by this ETF will be donated
to veterans-related charities through the UBS Optimus
Foundation.
InsightShares Patriotic Employers ETF (Ticker:
HONR)
Created and offered by Exchange Traded Concepts, HONR is
designed to track the performance of the Military Veterans IndexTM
(USVETSTR). The Military Veterans IndexTM is provided by UBS AG and
is designed to track the price movements of U.S. companies with
policies, practices, and outcomes that support the employment of
U.S. veterans, as determined by Victory Media's Military Friendly®
Employer ratings*. For inclusion in the index, companies must meet
minimum thresholds for liquidity and profitability, as well as be
deemed Military Friendly®.
*Military Friendly® Employer ratings are owned and operated by a
veteran-owned business and are not affiliated with or endorsed by
the Department of Defense or any federal agency.
For more information, please visit www.insightshares.com.
About UBS
UBS provides financial advice and solutions to wealthy,
institutional and corporate clients worldwide, as well as private
clients in Switzerland. The operational structure of the Group is
comprised of our Corporate Center and five business divisions:
Wealth Management, Wealth Management Americas, Personal &
Corporate Banking, Asset Management and the Investment Bank. UBS's
strategy builds on the strengths of all of its businesses and
focuses its efforts on areas in which it excels, while seeking to
capitalize on the compelling growth prospects in the businesses and
regions in which it operates, in order to generate attractive and
sustainable returns for its shareholders. All of its businesses are
capital-efficient and benefit from a strong competitive position in
their targeted markets.
UBS is present in all major financial centers worldwide. It has
offices in 52 countries, with about 34% of its employees working in
the Americas, 34% in Switzerland, 18% in the rest of Europe, the
Middle East and Africa and 14% in Asia Pacific. UBS Group AG
employs approximately 61,000 people around the world. Its shares
are listed on the SIX Swiss Exchange and the New York Stock
Exchange (NYSE).
UBS Investment Bank
The Investment Bank provides corporate, institutional and wealth
management clients with expert advice, innovative solutions,
execution and comprehensive access to international capital
markets. It offers advisory services and provides in-depth
cross-asset research, along with access to equities, foreign
exchange, precious metals and selected rates and credit markets,
through its business units, Corporate Client Solutions and Investor
Client Services. The Investment Bank is an active participant in
capital markets flow activities, including sales, trading and
market-making across a range of securities.
Disclaimers
Carefully consider the InsightShares Patriotic Employers
Exchange Traded Fund’s investment objectives, risk factors, charges
and expenses before investing. This and additional information can
be found in the Fund's prospectus, which may be obtained by
visiting www.insightshares.com. Investors
should read it carefully before investing or sending money.
Investing involves risk, including possible loss of principal.
The Fund’s return may not match or achieve a high degree of
correlation with the return of the Index. To the extent the Fund’s
investments are concentrated in or have significant exposure to a
particular issuer, industry or group of industries, or asset class,
the Fund may be more vulnerable to adverse events affecting such
issuer, industry or group of industries, or asset class than if the
Fund’s investments were more broadly diversified. Small and
mid-capitalization companies may be more vulnerable to adverse
business or economic events than larger, more established
companies. Issuer-specific events, including changes in the
financial condition of an issuer, can have a negative impact on the
value of the Fund. The Fund is not actively managed and therefore
the Fund would not sell shares of an equity security unless that
security is removed from the Index or the selling of shares is
otherwise required upon a rebalancing of the Index. Diversification
may not protect against market risk. Holdings are subject to
change.
Shares are bought and sold at market price not net asset value
(NAV) and are not individually redeemed from the Fund. Market
performance is determined using the bid/ask midpoint at 4:00pm
Eastern time when the NAV is typically calculated. Brokerage
commissions will reduce returns.
Exchange Traded Concepts, LLC ("ETC") serves as the investment
advisor, and Vident Investment Advisory, LLC ("VIA") serves as the
sub-advisor to the Fund. The Fund is distributed by Foreside Fund
Services, LLC, which is not affiliated with Exchange Traded
Concepts, LLC or any of its affiliates.
VIA is registered as an investment adviser with the Securities
and Exchange Commission (SEC) and only conducts business in states
where it is properly registered or is excluded from registration
requirements. Registration is not an endorsement of the firm by
securities regulators and does not mean the adviser has achieved a
specific level of skill or ability.
The Military Veterans Index (the "Index") is an index developed
by UBS AG (together with its subsidiaries and affiliates, "UBS")
based in part on a company scoring methodology and resulting data
obtained and used under license from Victory Media.
The marks “UBS,” “InsightShares” and associated logos are
trademarks of UBS and have been licensed to ETC for use in
connection with the Fund. The UBS mark and logo are registered in
the United States and other countries. The Index is owned by UBS
and has been licensed to ETC for use in connection with the Fund.
UBS owns or otherwise has the rights to license all intellectual
property and other property rights to the Index, which are being
used by ETC under license from UBS.
The Index and other information disseminated concerning the
Index are for informational purposes only, are provided on an “as
is” basis, and are not intended for trading purposes. The Index is
not an investment product. Neither ETC nor the Fund is operated by
UBS or Solactive AG ("Solactive"), the calculation agent for the
Index. Neither UBS nor Solactive sponsors the Fund or makes any
representation or gives any warranty, express or implied, regarding
the advisability or possible benefits of purchasing the Fund or any
other financial product. Clients should undertake their own due
diligence and seek appropriate professional advice before
purchasing any financial product, including the Fund.
Neither UBS nor Solactive or their respective licensors makes
any warranty, express or implied, as to, without limitation, (i)
the correctness, accuracy, reliability or other characteristics of
the Index, (ii) the results to be obtained by any person or entity
from the use of the Index for any purpose, or (iii) relating to the
use of the Index and other information covered by the Fund,
including, but not limited to, express or implied warranties of
merchantability, fitness for a particular purpose or use, title or
non-infringement. Neither UBS nor Solactive warrants that the Index
will be uninterrupted and they are not under any obligation to
continue compiling, calculating, maintaining or sponsoring the
Index.
The Index (including the concept, methodology, formulas and
algorithms therefor) has been designed and is compiled, calculated,
maintained and sponsored without regard to any financial products
that reference the Index (including the Fund), any licensee,
sub-licensor or sub-licensee of the Index, any client or any other
person. UBS may independently issue and/or sponsor other indices
and products that are similar to and/or may compete with the Index
and the Fund. UBS may also transact in assets referenced in the
Index (or in financial instruments such as derivatives that
reference those assets), including those which could have a
positive or negative effect on the value of the Index and the
Fund.
Neither UBS nor Solactive shall bear any responsibility or
liability, whether for negligence or otherwise, with respect to (i)
any inaccuracies, omissions, mistakes or errors in the concept,
methodology, formulas or algorithms for, or computation of, the
Index (and shall not be obligated to advise any person of and/or to
correct any such inaccuracies, omissions, mistakes or errors), (ii)
the use of and/or reference to the Index by UBS or any other person
in connection with any financial product or otherwise, or (iii) any
economic or other loss which may be directly or indirectly
sustained by any customer, client or other person dealing with any
such financial product or otherwise. Any customer, client or other
person dealing with such financial products does so, therefore, in
full knowledge of this disclaimer and can place no reliance
whatsoever on UBS nor bring claims, actions or legal proceedings in
any manner whatsoever against it.
Military Veterans Index™ and Military Friendly® are trademarks
of Victory Media, Inc.
VICTORY MEDIA, INC. DOES NOT GUARANTEE THE ACCURACY AND/OR
COMPLETENESS OF THE INDEX, THE INDEX METHODOLOGY, ANY DATA INCLUDED
THEREIN, OR ANY DATA FROM WHICH IT IS BASED, AND VICTORY MEDIA,
INC. SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR
INTERRUPTIONS THEREIN. VICTORY MEDIA, INC. MAKES NO WARRANTY,
EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED FROM THE USE OF
THE INDEX. VICTORY MEDIA, INC. MAKES NO EXPRESS OR IMPLIED
WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH
RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING
ANY OF THE FOREGOING, IN NO EVENT SHALL VICTORY MEDIA, INC. HAVE
ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL
DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
VICTORY MEDIA, INC. DOES NOT SPONSOR, ENDORSE, SELL, OR PROMOTE
THE ETF. A DECISION TO INVEST IN THE ETF SHOULD NOT BE MADE IN
RELIANCE ON ANY OF THE STATEMENTS SET FORTH IN THIS DOCUMENT.
PROSPECTIVE INVESTORS ARE ADVISED TO MAKE AN INVESTMENT IN THE ETF
ONLY AFTER CAREFULLY CONSIDERING THE RISKS ASSOCIATED WITH
INVESTING IN THE ETF, AS DETAILED IN THE PROSPECTUS THAT IS
PREPARED BY OR ON BEHALF OF ETC, THE ISSUER OF THE ETF. VICTORY
MEDIA, INC. HAS LICENSED CERTAIN MARKS AND OTHER DATA TO UBS AND
ITS AFFILIATES FOR USE IN THE INDEX AND IN CONNECTION WITH THE ETF
AND THE BRANDING OF THE INDEX AND THE ETF, BUT IS NOT INVOLVED IN
THE CALCULATION OF THE INDEX OR THE ETF, THE CONSTRUCTION OF THE
INDEX’S OR THE ETF’S METHODOLOGY OR THE CREATION, SALE OR OFFERING
OF THE ETF, AND MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT
TO THE INDEX OR THE ETF.
UBS specifically prohibits the redistribution or reproduction of
this material in whole or in part without the prior written
permission of UBS and UBS accepts no liability whatsoever for the
actions of third parties in this respect.
© UBS 2017. The key symbol, UBS and InsightShares are among the
registered and unregistered trademarks of UBS. Other marks may be
trademarks of their respective owners. All rights reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20180119005095/en/
UBSMedia:Erica Chase,
1-212-713-1302erica.chase@ubs.comorInvestor1-833-627-2417insightshares@ubs.com
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