Amplify ETFs has accumulated over USD1 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 (USD369 million), Income (USD232 million) and Thematic (USD473 million). Total firm assets stood at USD1.074bil 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,” says 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 (NASDAQ: IBUY), has become a market leader with USD374 million in assets under management (as of 31 May, 2020)). 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 (SWAN), which has gathered USD353 million in assets under management since launching in November 2018 (as of 31 May, 2020); 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,” adds Magoon.