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Amplify Online Retail ETF passes USD300m in AUM


Amplify ETFs’ flagship product, the Amplify Online Retail ETF has passed its second anniversary with in excess of USD300 million in assets under management (AUM).

The fund has returned 52.61 per cent in the past year, and a cumulative return of 80.32 per cent since inception at 31 March 2018.
Amplify ETFs has announced its flagship product, the Amplify Online Retail ETF (NASDAQ: $IBUY), has crossed the pivotal two-year mark and exceeded USD300 million in assets under management.
“We launched IBUY to deliver a convenient and diversified way for investors to gain access to the worldwide growth of e-commerce, and we’re grateful for the reception the fund has received from the marketplace over the past two years,” says Christian Magoon, founder and CEO of Amplify ETFs. “With online retail still less than 10 per cent of overall US retail sales, IBUY remains an attractive opportunity for investors to capitalise on this digital mega-trend.”
IBUY began trading on 20 April, 2016 and seeks to replicate the price performance of the EQM Online Retail Index (IBUYXT). The rules-based index tracks a globally diverse basket of companies that fall into three online retail categories – marketplace, travel and merchants – all of which must generate 70 per cent of revenue from online or virtual sales.
Since its inception in 2016, Amplify has remained committed to delivering on its value proposition to bring first-to-market products across growth and income segments.

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