Amplify® ETFs Acquires YieldShares LLC
September 07 2016 - 9:30AM
Business Wire
Shared Founder Christian Magoon Aligns Brands,
Brings YieldShares High Income ETF (NYSEArca:YYY) to Amplify’s
Platform
Amplify ETFs has acquired YieldShares LLC, ETF Sponsor of the
YieldShares High Income ETF (NYSEArca:YYY). Following the success
of YYY, now with more than $100 million in assets, Amplify ETFs has
filed for two additional YieldShares income-oriented ETFs.
The new ETF filings include the Amplify YieldShares Prime 5
Dividend ETF and Amplify YieldShares CWP Dividend & Option
Income ETF, both of which are anticipated to launch later this
year. The suite of YieldShares funds is in addition to Amplify
branded products, currently represented by the Amplify Online
Retail ETF (NASDAQ:IBUY), which was the first ETF launch on the
Amplify platform.
“Our long-standing goal has been to assimilate the YieldShares
brand into our broader buildout of the Amplify platform. Making
YieldShares a wholly-owned subsidiary of Amplify allows the firm to
align our product suite with the brands that best represent the
underlying strategies,” said Christian Magoon, CEO and founder of
Amplify ETFs and founder of YieldShares LLC. “YieldShares will
serve as Amplify’s sub-brand of income-oriented investment
strategies that are additive to the ETF marketplace.”
“Given the record-low interest rate environment and the surge in
Baby Boomer retirements, investors continue to seek access to
income-focused investments,” added Magoon. “We see the steady
growth of the flagship YieldShares product as confirmation that the
market has appetite for new products designed to meet investors’
income objectives.”
An experienced strategist and thought leader in the ETF
industry, Magoon has been involved in more than 50 ETF launches in
the U.S. to date. Prior to his role as CEO of Amplify ETFs and
YieldShares, Magoon founded Magoon Capital, where he counseled
firms on ETF product development. Magoon previously served as
President of Claymore Securities (now Guggenheim Investments),
where he led the firm’s product development, distribution and
marketing efforts. In his tenure, he started one of the fastest
growing ETF businesses in the U.S., which formed the basis of a top
10 ETF provider in assets under management today as of 8/23/2016
(source: ETF.com League Table).
About Amplify ETFs
Amplify ETFs are sponsored by Amplify Investments, a registered
investment advisor (RIA). 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 index providers
and asset managers within unique market segments. The multi-layered
approach amplifies opportunities for investors. The firm was
founded by Christian Magoon. For more information, please visit
http://amplifyetfs.com.
About YieldShares
A wholly-owned subsidiary of Amplify ETFs, YieldShares LLC is an
ETF Sponsor offering access to income investment strategies through
ETFs. Founded by ETF industry veteran Christian Magoon, the firm
sponsors the YieldShares High Income ETF (NYSEArca:YYY). For more
information, please visit http://www.yieldshares.com.
Carefully consider the Amplify Funds’ investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Funds’ statutory and
summary prospectuses, which may be obtained by calling
855-267-3837. Read the prospectus carefully before investing.
Information about the new ETF filings in this communication is
not complete and may be changed. We may not sell these securities
until the registration statement filed with the Securities and
Exchange Commission is effective. This communication is not an
offer to sell these securities and is not soliciting an offer to
buy these securities in any state where the offer or sale is not
permitted.
The Amplify YieldShares CWP Dividend & Option Income ETF is
actively managed.
Amplify Investments LLC serves as the investment adviser and
Penserra Capital Management LLC serves as sub adviser to the fund
for Amplify ETFs. Amplify ETFs are distributed by Quasar
Distributors LLC.
Exchange Traded Concepts, LLC serves as the investment adviser,
and Vident Investment Advisory LLC serves as a sub adviser to the
YieldShares High Income ETF (NYSEArca:YYY). The Fund is distributed
by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks,
PA, 19456), which is not affiliated with Exchange Traded Concepts,
LLC, Amplify Investments, Quasar Distributors LLC or any of their
affiliates.
Carefully consider YYY's investment objectives, risk factors,
charges and expenses before investing. This and additional
information can be found in the Fund's statutory and summary
prospectuses, which may be obtained by visiting
www.YieldShares.com. Read the prospectus carefully before
investing.
All investments involve risk and principal loss is possible.
There is no guarantee that any of the funds will meet its
investment objective. This information is not meant to be
investment advice.
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version on businesswire.com: http://www.businesswire.com/news/home/20160907005347/en/
Gregory FCA for Amplify ETFsAmy Lash,
610-228-2806amyl@gregoryfca.com
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