Tuttle Capital Management Launches European Aerospace and Defense Industry ETF
October 22 2024 - 9:05AM
via IBN -- The Select STOXX Europe Aerospace & Defense ETF (the
“Fund”) will start trading today. The Fund invests at least 80% of
its total assets in the component securities of the STOXX® Europe
Total Market Aerospace & Defense Index. The Fund will also
invest, under normal circumstances, at least 80% of its net assets
in exchange listed common stock or ADRs of companies based
(headquartered) in Europe who derive at least 50% of their revenue
from the manufacture, service, supply and distribution of
aeronautical equipment, components, hardware, software or
electronic systems; and equipment, systems, components,
infrastructure support services, and hardware, software and
electronics that directly support civil and military defense
efforts.
Visit the Select STOXX Europe Aerospace &
Defense ETF here: www.select-funds.com Matthew Tuttle,
CEO of Tuttle Capital Management (“TCM”), said in a news release
that “given the global state of tensions, and the possibility that
the US may pull back from European security commitments, we think
there could be an investment edge in these names”.
About Tuttle Capital
Management
TCM believes it is an industry leader in
offering thematic ETFs and first of their kind ETFs Please
visit www.tuttlecap.com for more information about TCM.
The STOXX Europe Total Market Aerospace &
Defense Index is intellectual property (including registered
trademarks) of STOXX Ltd., Zug, Switzerland (“STOXX”), Deutsche
Börse Group or their licensors, which is used under license. The
Select STOXX Europe Aerospace & Defense ETF is neither
sponsored nor promoted, distributed, or in any other manner
supported by STOXX, Deutsche Börse Group or their licensors,
research partners or data providers and STOXX. Deutsche Börse Group
and their licensors, research partners or data providers do not
give any warranty and exclude any liability (whether in negligence
or otherwise) with respect thereto generally or specifically in
relation to any errors, omissions, or interruptions in the STOXX
Europe Total Market Aerospace & Defense Index or its data.
An investor should consider the
objectives, risks, and charges and expenses of the Select STOXX
Europe Aerospace & Defense ETF (the “Fund”) before investing.
The prospectus contains this and other information about the Fund.
A copy of the prospectus is available above or by calling
Shareholder Services at 1-800-773-3863. The prospectus should be
read carefully before investing. Current and future holdings are
subject to change and risk.
An investment in the Fund is subject to
investment risks, including the possible loss of some or the entire
principal amount invested. There can be no assurance that the Fund
will be successful in meeting its investment objective. Investment
in the Fund is also subject to the following risks:
Equity Securities
Risk: Investments in equity securities may fluctuate in value
response to many factors, including general market and economic
conditions, interest rates, and specific industry changes.
Non-Diversification
Risk: The fund may invest a larger portion of its assets in a
limited number of companies than a diversified fund. Because a
relatively high percentage of the Fund's assets may be invested in
the securities of a limited number of companies that could be in
the same or related economic sectors, the Fund's portfolio may be
more susceptible to any single economic, technological, or
regulatory occurrence than the portfolio of a diversified fund.
Aerospace and Defense
Sector Risk: The aerospace and defense sectors can be significantly
affected by government regulation and spending policies because
companies involved in these sectors rely, to a significant extent,
on government demand for their products and services.
Foreign Securities
Risk: The Fund could be subject to greater risks because the Fund’s
performance may depend on issues other than the performance of a
particular company or U.S. market sector. Changes in foreign
economies and political climates are more likely to affect the Fund
than a fund that invests exclusively in U.S. companies.
Limited History of
Operations Risk: The Fund has a limited history of operations.
Accordingly, investors in the Fund bear the risk that the Fund may
not be successful in implementing its investment strategy, may not
employ a successful investment strategy, or may fail to attract
sufficient assets under management to realize economies of scale,
any of which could result in the Fund being liquidated at any time
without shareholder approval and at a time that may not be
favorable for all shareholders.
Passive Investment
Risk: The Fund is not actively managed and, therefore, would not
sell an equity security due to current or projected
underperformance of such security, industry, or sector, unless that
security is removed from the Index.
While the shares of the Fund are tradable on
secondary markets, they may not readily trade in all market
conditions and may trade at significant discounts in periods of
market stress. ETFs trade more like stocks, are subject to
investment risks, fluctuate in market value, and may trade at
prices above or below the ETF's net asset value. More information
about these risks can be found in the Fund's prospectus.
The Select STOXX Europe Aerospace & Defense
ETF is distributed by Capital Investment Group, Inc., Member
FINRA/SIPC, 100 E. Six Forks Road, Raleigh, North Carolina 27609.
There is no affiliation between Tuttle Capital Management, LLC,
including their principals, and Capital Investment Group, Inc.
RCSTOX1024001
Contact: mtuttle@tuttlecap.comWire
Service Contact:IBNLos Angeles,
Californiawww.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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