Bringing you live news and features since 2006 

Amplify Online Retail ETF passes USD300m in AUM

RELATED TOPICS​

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.

Latest News

BlackRock’s global ETP flows report for June finds a steady rise with USD128.1 billion added to global ETPs in June,..
Morningstar’s global ETF flows report for the first half of 2024 shows that actively managed ETFs have captured 25 per..
The surge in bitcoin ETF launches and funds flowing into the sector is transforming institutional investment in digital assets but..
LSEG Lipper’s latest research finds that the majority of actively managed funds and ETFs globally were not able to beat..

Related Articles

Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Andrea Busi, Directa SIM
Romain Thomas talks to Andrea Busi (pictured), CEO of Directa SIM, who explains why the online trading platform has just...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by