Initial suite of eight funds were the industry's first to
provide leveraged long or inverse exposure to the daily performance
of some of the most actively traded stocks, including Tesla,
NVIDIA, and PayPal
NEW
YORK, April 17, 2023 /PRNewswire/ -- AXS
Investments, a leading asset manager providing access to
alternative investments for growth, income and diversification,
will ring the Opening Bell at the Nasdaq MarketSite in Times Square
on Monday, April 17th to celebrate
the success of the firm's first-of-its-kind family of single stock
ETFs.
This initial suite of AXS single stock ETFs provides leveraged
long ("Bull") and inverse short ("Bear") daily exposure to:
- Tesla: AXS TSLA Bear Daily ETF (TSLQ)
- NVIDIA: AXS 1.25X NVDA Bear Daily ETF (NVDS)
- PayPal: AXS 1.5X PYPL Bull Daily ETF (PYPT) and AXS 1.5X PYPL
Bear Daily ETF (PYPS)
- Nike: AXS 2X NKE Bull Daily ETF (NKEL) and AXS 2X Bear Daily
ETF (NKEQ)
- Pfizer: AXS 2X PFE Bull Daily ETF (PFEL) and AXS 2X PFE Bear
Daily ETF (PFES)
In less than seven months of trading, this suite of funds
gathered more than $200 million in
assets, led by TSLQ, which soared past the $100 million mark in under six months. These AXS
ETFs also have been bolstered by NVDS, which recently eclipsed the
$100 million threshold on the heels
of strong investor interest in trading semiconductor stocks that
are linked to the AI-development boom.
"We are thrilled with the response that our single-stock ETFs
have received from the trading community, and the momentum behind
these ETFs is gathering even more steam as we head further into
2023," said Greg Bassuk, Chief
Executive Officer of AXS Investments. "AXS equals Access, and our
goal in launching this family was to provide sophisticated
investors with access to unique short-term trading vehicles that
would allow them to express high conviction views on specific
industry leaders. We've been able to do exactly that, and it is an
honor to be marking the success of these ETFs by ringing the
Opening Bell at the Nasdaq."
The launch of the single stock ETFs is one of several major
recent accomplishments and milestones by AXS Investments, a list
that also includes:
- The launch of the AXS Astoria Inflation Sensitive ETF (PPI),
the first ETF to provide exposure to investments that both mitigate
the devaluation effects of inflation and those that have the
potential to deliver growth in price-rising environments
- The acquisition of the AXS Short Innovation Daily ETF (SARK)
and the launch of the AXS 2X Innovation ETF (TARK), allowing
investors to express their views on both sides of the "innovation
trade," and
- The pending acquisitions of both the ACM mutual funds and the
HYLD ETF, which further expand the AXS Investments' family of
differentiated liquid alternative investments.
AXS also last week announced its hiring of industry veteran
Brett Wright as the firm's new
Head of Distribution.
For more information on AXS Investments and the firm's expansive
lineup of investor solutions, please visit: axsinvestments.com.
About AXS Investments
AXS Investments is a leading alternative investment manager
providing a diversified family of alternative investments for
growth, income and diversification. The firm empowers investors to
diversify their portfolios with investments previously available
only to the largest institutional and high net worth investors. The
investor-friendly AXS funds are time-tested, liquid, transparent
and managed by high pedigreed portfolio managers with long and
strong track records. For more information, visit
www.axsinvestments.com.
IMPORTANT RISK INFORMATION
There are risks involved with investing including the possible
loss of principal. Past performance does not guarantee future
results.
AXS leveraged and inverse ETFs are not suitable for all
investors. The Funds are designed to be utilized only by
knowledgeable investors who understand the potential consequences
of seeking daily leveraged and inverse leveraged investment
results, understand the risks associated with the use of leverage,
and are willing to monitor their portfolios frequently.
The Funds are not intended to be used by, and are not
appropriate for, investors who do not intend to actively monitor
and manage their portfolios. For periods longer than a single day,
the Funds will lose money if the underlying stock's performance is
flat, and it is possible that the Fund will lose money even if the
underlying stock's performance decreases over a period longer than
a single day. An investor could lose the full principal value of
his/her investment within a single day.
Shares are bought and sold at market price (not NAV) and are not
individually redeemed from the ETF. There can be no guarantee that
an active trading market for ETF shares will develop or be
maintained, or that their listing will continue or remain
unchanged. Buying or selling ETF shares on an exchange may require
the payment of brokerage commissions and frequent trading may incur
brokerage costs that detract significantly from investment
returns.
Investors should carefully consider the investment
objectives, risks, charges and expenses of any AXS Funds before
investing. To obtain a prospectus containing this and other
important information, please click here to view or download a
prospectus online or call 833.AXS.ALTS (833.297.2587). Read the
fund's prospectus carefully before you
invest.
Distributed by ALPS Distributors, Inc, which is not affiliated
with AXS Investments. AXI000195
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SOURCE AXS Investments