CHICAGO, June 02, Jun 02, 2020 (GLOBE NEWSWIRE via COMTEX) --
CHICAGO, June 02, 2020 (GLOBE NEWSWIRE) -- Amplify ETFs
announces the firm has accumulated over $1 billion in assets under management since the inception of its first exchange traded fund (ETF) in 2016. The diverse product line currently includes 10 ETFs across three categories: Core ($369 million), Income ($232 million) and Thematic ($473 million). Total firm assets stood at $1.074bil as of 5/31/20.
Amplify ETFs CEO Christian Magoon was an early advocate of the ETF structure and has been behind the launch of more than 70 ETFs in his career. "I am incredibly grateful for our internal team and exceptional partners as we surpass Amplify's first billion of AUM. Hard work and collaboration between these groups has been a key driver of our success," said Magoon. "From Amplify's inception, we have strived to deliver ETFs that matter in the marketplace. To witness strong support from financial advisors and investors across our product line is both gratifying and humbling."
Each product category has contributed to the overall growth of the firm, demonstrating Amplify's ability to identify successful strategies across asset classes. The firm's flagship and first fund to market, the Amplify Online Retail ETF /zigman2/quotes/206522380/composite IBUY +1.61% , has become a market leader with $374 million in assets under management (as of 5/31/20). IBUY is also one of two ETFs launched by Amplify to carry a 5-star overall rating by Morningstar. The fund's success reflects the immense long-term opportunity for investors in the online retail space that has only been accelerated due to COVID-19.
Additional noteworthy products include the Amplify BlackSwan Growth & Treasury Core ETF (nyse arca:SWAN), which has gathered $353 million in assets under management since launching in November 2018 (as of 5/31/20); the Amplify CWP Enhanced Dividend Income ETF (nyse arca:DIVO), which has also earned a 5-star Morningstar overall rating; and the Amplify High Income ETF (nyse arca:YYY), which was the winner of the 2017 "Multi-Asset ETF of the Year" by Fund Action.
"We look forward to bringing additional ETFs to market that serve advisors' and investors' needs in these increasingly dynamic times," added Magoon.
Amplify ETFs is widely recognized across the ETF industry, securing multiple award nominations from ETF.com and Fund Intelligence in their respective annual award events.
For more information about Amplify ETFs' complete product lineup, visit https://amplifyetfs.com .
Gregory FCA for Amplify ETFs
Kerry Davis, 610-228-2098
The Amplify Online Retail ETF (IBUY) received 5 stars among 42 Consumer Cyclical funds for the three-year period ending 4/30/20. The Amplify CWP Enhanced Dividend Income ETF (DIVO) received 5 stars among 118 Options-based funds for the three-year period ending 4/30/20.
Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' statutory and summary prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. The Fund's return may not match or achieve a high degree of correlation with the return of the underlying Index.
For full disclosure on the funds mentioned above, please refer to each Fund's respective website:
IBUY website and Prospectus
SWAN website and Prospectus
DIVO website and Prospectus
YYY website and Prospectus
The Morningstar Rating(TM) for funds, or "star rating", is calculated for managed products with at least a three-year history. ETFs and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
(C)2020 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
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