RPAR Risk Parity ETF, Another Tidal Successful Launch, Surpasses $1.5 Billion AUM
December 06 2021 - 8:00AM
Tidal ETF Services LLC (“Tidal”), an innovative leading provider of
ETF services, announced today the RPAR Risk Parity ETF
(NYSE: RPAR) has surpassed $1.5 billion in AUM since launching
through Tidal in December 2019. RPAR is sponsored by Evoke Advisors
(Evoke), a Los Angeles-based wealth management and consulting firm.
“We’re honored to work with a best-in-class partner like Evoke,
and this milestone is an important validator of Evoke’s development
and management of an innovative and timely strategy that clearly
resonates with investors,” said Eric Falkeis, Chief Executive
Officer of Tidal. “Achieving this level of growth so quickly also
reaffirms that investor demand remains high for thoughtfully
designed ETF strategies in general, but especially for strategies
that offer investors new options for diversifying their portfolios
while navigating volatile markets.”
Tidal offers a transparent, partnership approach where clients
have the flexibility to engage services for a specific business
need or to advance through their proprietary program sequentially.
Tidal offers a comprehensive suite of services, tools and
methodologies designed to bring lasting ideas to market.
The RPAR Risk Parity ETF seeks equity-like returns over the long
run by including exposure to global equities with potentially less
risk. It is designed to provide investors with a low cost and
tax-efficient access to a risk parity strategy that has
traditionally been used by sophisticated institutional investors.
The fund aims to generate positive returns during periods of
economic growth, preserve capital during periods of economic
contraction, and preserve real rates of return during periods of
heightened inflation.
“We believe there is a great need for a strategy like this given
the wide range of potential outcomes in today’s unique economic
environment. We are pleased with the fund’s performance and asset
growth thus far and are grateful to share RPAR’s early success with
Tidal,” states Alex Shahidi, Co-Chief Investment Officer of Evoke
Advisors.
According to Yahoo! Finance, RPAR was one of the fastest
growing ETFs in 20201. It was named the Best New Alternatives ETF
of the Year in 2020 by ETF.com2, which also currently places
RPAR as the largest Alternatives ETF in the country.
1 Yahoo Finance June 10, 2020 highlighted 7 ETFs with more than
1000% in growth of assets under management (AUM) thus far in 2020.
2 ETF.com: With 53 ETFs traded on the U.S. markets in the
Alternative ETFs asset class RPAR was named the Best New
Alternatives ETF in 2019 consisting of a multi-asset portfolio with
the fastest accumulation of assets. ETF.com also places RPAR as the
largest Alternative ETFs based on AUM with $1.55B in assets as of
November 2021.
Past performance is no guarantee of future results. Growth of
AUM does not assure fund performance will be favorable. To read
more about these recognitions, please click on the footnote symbols
to be directed to finance.yahoo.com and ETF.com.
About Evoke AdvisorsAlex Shahidi and Damien
Bisserier are Co-CIOs of Evoke Advisors and the architects of the
RPAR Risk Parity ETF. In 2020, Evoke merged with Advanced Research
Investment Solutions (ARIS), which is a firm founded by Alex and
Damien in 2014. The combined firm was built upon the foundational
idea that a deep-rooted understanding of markets and economies is
at the core of successful investing. The firm manages over $20
billion in assets for institutional clients and
ultra-high-net-worth families. Evoke believes that combining
diverse sources of return can help clients achieve greater
consistency of performance. The firm focuses on developing
innovative investment solutions to enable more efficient portfolio
management. Additional information may be found
at evokeadvisors.com.
About Tidal ETF ServicesFormed by ETF industry
pioneers and thought leaders, Tidal ETF Services LLC sets out to
revolutionize the way ETFs have historically been developed,
launched, marketed, and sold. With a focus on growing AUM, Tidal
offers a comprehensive suite of services, proprietary tools, and
methodologies designed to bring lasting ideas to market. Tidal is
an advocate for ETF innovation. The firm is on a mission to provide
issuers with the intelligence and tools needed to efficiently
launch their private-label ETFs, and to optimize growth potential
in a highly competitive space. As of October 31, 2021, Tidal had 28
ETFs in its Trust and $2.7 billion in assets under management. To
view Tidal’s diverse portfolio of ETF strategies, visit
tidaletfservices.com.
IMPORTANT INFORMATIONBefore investing
you should carefully consider the Fund’s investment objectives,
risks, charges and expenses. This and other information is in the
prospectus. A prospectus may be obtained by clicking
here. Please read the prospectus carefully
before you invest.
As with all ETFs, Fund shares may be bought and sold in the
secondary market at market prices. The market price normally should
approximate the Fund’s net asset value per share (NAV), but the
market price sometimes may be higher or lower than the NAV. There
are a limited number of financial institutions authorized to buy
and sell shares directly with the Fund; and there may be a limited
number of other liquidity providers in the marketplace. There is no
assurance that Fund shares will trade at any volume, or at all, on
any stock exchange. Low trading activity may result in shares
trading at a material discount to NAV. Brokerage commissions may
apply and would reduce returns.
The fund is subject to the same risks as the underlying bonds in
the portfolio such as credit, prepayment, call and interest rate
risk. As interest rates rise, the value of bond prices will
decline. Since the Fund is actively managed, it does not seek to
replicate the performance of a specified index. The Fund therefore
may have higher portfolio turnover and trading costs than
index-based funds. The Fund may invest in other funds, and in so
doing will incur the expenses and risks of those funds.
In general, ETFs can be tax efficient. ETFs are subject to
capital gains tax and taxation of dividend income. However, ETFs
are structured in such a manner that taxes are generally minimized
for the holder of the ETF. An ETF manager accommodates investment
inflows and outflows by creating or redeeming “creation units,”
which are baskets of assets. As a result, the investor usually is
not exposed to capital gains on any individual security in the
underlying portfolio. However, capital gains tax may be incurred by
the investor after the ETF is sold.
The Fund is distributed by Foreside Fund Services, LLC.
MEDIA CONTACT
Leann Gaines
leanng@tidaletfservices.com
847.309.5497
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