ETFMG Sit Ultra Short ETF (VALT) exceeds $ 200 million in assets under management | Business
SUMMIT, NJ – (BUSINESS WIRE) – Jul 21, 2021–
ETF Managers Group LLC (“ETFMG”), a leading issuers of exchange-traded thematic funds, today announced that the Sit Ultra Short ETF (NYSE ARCA: VALT) has passed the remarkable 200 million $ 1 of assets under management. The actively managed ETF, which debuted in 2019, is designed to be a secure allocation vehicle for investors seeking capital preservation and fixed income returns above short-term cash equivalents, in focusing on daily liquidity.
The surpassing of the $ 200 million milestone highlights the success of VALT’s institutional grade foundation as well as its ultra-short-lived strategy under-advised by a team led by Bryce Doty, Sr. VP / Sr. Portfolio Manager at Sit Fixed Income Advisors, LLC.
“VALT successfully addresses the need to provide a conservative bond option to investors while offering more yield than savings accounts,” says Bryce Doty. “We are delighted that VALT has reached this impressive milestone and we are grateful to the ETFMG team for securing the critical mass of assets necessary for the success of the Fund. “
The Fund provides exposure to a diversified portfolio of high quality domestic and foreign short-term debt securities and other instruments, using the Bloomberg Barclays US Treasury Bills: 1-3-month Index as a benchmark. VALT does not use currency games or derivatives, but only prudent investment grade bonds.
“We are delighted to celebrate this milestone for VALT, an ETF providing more income than a typical money market fund without the downside risk of longer duration funds,” said Sam Masucci, CEO and Founder of ETFMG . “VALT’s exceptional asset growth is due in large part to its unique position in the market as a user-friendly means of giving investors the potential to earn money. “
For more information on VALT, visit: www.etfmg.com/VALT.
ETFMG is an exchange-traded fund (ETF) provider, founded in 2014 with a vision of developing innovative thematic ETFs that provide investors with unique exposure to new markets. Today, the ETFMG range of funds provides access to a diverse collection of global themes and is 75% made up of market-leading products. We transform portfolio management strategies into successful ETFs by partnering with market segment experts to provide long-term growth opportunities for investors. ETFMG funds are proof of the power of the ETF wrapper and that thematic products can have their place in investors’ portfolios. To learn more about ETFMG and our portfolio of exchange traded funds, please visit www.etfmg.com or follow us on LinkedIn, Twitter @ETFMG, Facebook and YouTube.
Carefully consider the investment objectives, risk factors, fees and expenses of the Fund before investing. This and other information can be found in the Fund’s prospectus, which can be obtained by calling 1-844-ETF-MGRS (1-844-383-6477) or by visiting www.etfmg.com/VALT. Read the prospectus carefully before investing.
Investing involves risks. Shares of any ETF are bought and sold at market prices (not net asset value), may trade at a discount or a premium to net asset value, and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Although the shares of the Fund are approved for stock exchange listing, there can be no assurance that an active trading market will be maintained for the shares of the Fund.
The market price of the Fund’s fixed income instruments may change, sometimes rapidly or unpredictably, in response to changes in interest rates, factors affecting the securities markets in general and other factors. Usually, when interest rates rise, the value of fixed income instruments decreases, and vice versa. The Fund may invest in floating rate securities, which are generally less sensitive to changes in interest rates than fixed interest rate securities, but may lose value if their interest rates do not rise as much. or as quickly as comparable market interest rates. The Fund may invest in US dollar denominated debt securities of foreign issuers. Mortgage and asset backed securities are subject to interest rate risk. Modest movements in interest rates (both up and down) can quickly and significantly reduce the value of certain types of these securities. From time to time, the Fund may invest a substantial amount of its assets in taxable or tax-exempt municipal securities the interest of which is paid solely from income from similar projects.
The Fund is recently organized with a limited operating history. The Fund may not achieve its investment objective due to the success or failure of implementing the investment strategies for the Fund.
The investment strategy of the Fund may require that it redeem shares for cash or otherwise include cash in the proceeds of its redemption. In the event of major shareholder redemptions, the Fund may be required to sell portfolio securities at times when it would not otherwise do so, which may have a negative impact on the Fund’s return.
ETF Managers Group LLC is the Fund’s investment adviser. Sit Fixed Income Advisors II LLC (“Sit Advisors”) is the sub-advisor of the Fund. Sit Advisors is a subsidiary of Sit Investment Associates Inc. (“Sit”). Sit is a global asset manager offering expertise in the management of domestic equities, international equities and fixed income instruments.
ETFMG Financial is the distributor of the Fund. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG is not affiliated with Sit.
The Fund is intended to be made available only to residents of the United States. Under no circumstances is the information provided on this website intended for distribution or use by, or to be an offer to sell or a solicitation of an offer to buy the Fund or any investment product or service of , any person or entity in a jurisdiction or country, other than the United States, where any such distribution, use, offer or solicitation would subject the Fund or its affiliates to a registration requirement or be illegal under the laws of securities of that jurisdiction or country.
- On 07/16/21, VALT reached $ 200 million in assets under management
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210721005307/en/
CONTACT: Déborah Kostroun
KEYWORD: UNITED STATES NORTH AMERICA NEW JERSEY
INDUSTRY KEYWORD: PROFESSIONAL BANKING SERVICES
SOURCE: ETF Managers Group LLC
Copyright Business Wire 2021.
PUB: 07/21/2021 09:06 / DISC: 07/21/2021 09:07
Copyright Business Wire 2021.