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REX Shares surpasses USD5 billion in AUM

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REX Shares has announced a strategic reorganisation that integrates its REX Shares, MicroSectors, and T-REX products, as well as REX Advisers, its registered investment adviser, all under the new umbrella of REX Financial.

The firm writes that this reorganisation is a response to its significant growth over the last few years. Most recently, the firm launched T-REX ETFs, gathering over USD1 billion in AUM within eight months. Additionally, the firm’s flagship income-based strategy, covered call ETF FEPI has reached USD250 million in AUM within eight months of launch.

The firm writes that the newly formed REX Financial aims to further its expansion and enhance its innovative ETP offerings domestically and globally.

Greg King, Founder of REX Shares, and also the CEO of Osprey Funds, will lead REX Financial as CEO. Scott Acheychek, previously CEO of REX Shares, who oversaw the successful relaunch of REX’s ETF business and an eight-year veteran of the firm, will take on the role of Chief Operating Officer for REX Financial.

Greg King says: “This new phase in our company’s journey underscores our commitment to simplifying our product offerings while amplifying our impact in the industry. We will be expanding internationally, making some key hires, and continuing to invest to expand our US footprint.”

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