Bringing you live news and features since 2006 

AXS Investments launches two ETFs

AXS Investments has announced the launch of two new ETFs: the AXS 2X Innovation ETF (Nasdaq: TARK) and the AXS Short China Internet ETF (Nasdaq: SWEB).

TARK seeks two times (2x) the daily exposure to a portfolio of companies involved in transformational industries, such as genomics, autonomous vehicles and next-gen internet. The firm writes that the ETF is designed as a potential solution for investors who have a bullish view on the growth of these disruptive technologies.

“Recent market conditions have created what we view as a very compelling entry point for high conviction investors who believe in the value of innovation,” says Greg Bassuk, Chief Executive Officer of AXS Investments. “We are excited to offer the AXS 2X Innovation ETF as an easily accessible leveraged exposure to these companies.”

The firm writes that SWEB also is a groundbreaking concept in the ETF industry, seeking 1x daily short exposure to a portfolio of China-based internet-related companies, designed for investors who may want to take a targeted position against a group that has recently faced a challenging macro backdrop.

“We believe offering inverse exposure to China’s internet sector creates an opportunity for those investors who foresee a continuation of the market and geopolitical headwinds that are currently confronting Chinese technology and Internet-related companies,” says Bassuk.

Along with the launch of these two ETFs, the Tuttle Capital Short Innovation ETF (Nasdaq: SARK) also is planned to join the AXS funds family. SARK seeks inverse exposure to the same portfolio of disruptive technologies captured by TARK. Since launching in November, SARK has amassed over USD425 million in assets under management.

“We’re thrilled to be adding SARK to our fast-growing lineup of ETFs. The fund’s asset gathering success is proof that investors want a simple way to express an investment view on innovation and future-focused technology,” says Bassuk. “The launch of TARK and SWEB, and the addition of SARK to our lineup, are emblematic of the innovation and ‘access’ that the AXS fund family represents. We look forward to continuing to build out what we believe will be the most innovative ETF family in the months ahead as we launch additional funds and continue to add to our lineup.”

These ETFs are part of the AXS ETF family that also includes the AXS Astoria Inflation Sensitive ETF (NYSE Arca: PPI), an actively managed ETF designed to hedge against inflation and generate appreciation through inflation-sensitive investments. PPI has already crossed the USD70 million asset threshold in roughly 70 trading days since its launch. The AXS ETF lineup also includes the recently acquired AXS Change Finance ESG ETF (NYSE Arca: CHGX), the first certified carbon-neutral ETF, which has amassed over USD110 million in assets.

“Our mission is to continue providing all types of investors with alternatives to traditional stock and bond exposures as highly differentiated tools needed to navigate today’s challenging markets,” says Bassuk.

Latest News

Cerulli Associates, writing in the latest issue of The Cerulli Edge, analyses mutual fund and ETF flows as of December..
BUX, described by the firm as one of Europe’s fastest growing neobrokers, with more than one million users in Europe,..
SIX Swiss Exchange reports that the number of ETFs listed on SIX Swiss Exchange increased by 25 in the fourth..
Ossiam has announced the launch of a new ETF, the Ossiam Shiller Barclays CAPE Global Sector Value, listed on five..

Related Articles

ETF
We are very pleased to open the voting for service providers (selected by nominations) and ETP issuers, selected by our data partners, Trackinsight, for the European ETF Express Awards, in...
Bitcoin
Osprey Funds’ founder and CEO, Greg King, has written an open letter to Barry Silbert, majority owner of Digital Currency Group which owns Grayscale, suggesting that he uses his powers...
Captain
Comparing multifactor ETFs to the popular Marvel Avengers series may seem a bit of a stretch but recent analysis from Morningstar suggests the investment strategies have more in common with...
Mackenzie
Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report. ...
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