Fund has been a top performer among all inflation-focused funds; marks latest step in the firm's aggressive expansion into ETFs
NEW YORK, May 31, 2022 /PRNewswire/ -- AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, announced that it will ring today's Opening Bell at the New York Stock Exchange (NYSE). The firm will be on hand to mark the successful launch of 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 launched on December 30, 2021, and has already crossed the $75 million asset threshold as investors and advisors have been drawn to the ETF's highly differentiated approach to not only hedge against inflation, but also to identify those stocks with the potential to benefit from rising prices.
"It is a great thrill for us to be ringing The Opening Bell at the New York Stock Exchange this morning," said Greg Bassuk, CEO of AXS Investments. "PPI is a timely ETF for investors, and we've been very pleased at the response from the marketplace."
For more information on PPI, please visit https://www.axsinvestments.com/axs-astoria-inflation-sensitive-etf/
About AXS Investments
AXS Investments is a leading alternative investment manager providing a diversified family of alternative investments for growth, income and diversification. The firm empowers investors to diversify their portfolios with investments previously available only to the largest institutional and high net worth investors. The investor-friendly AXS funds are time-tested, liquid, transparent and managed by high pedigreed portfolio managers with long and strong track records. For more information, visit www.axsinvestments.com.
There are risks involved with investing including the possible loss of principal. Past performance does not guarantee future results. Investors should carefully consider the investment objectives, risks, charges and expenses of any fund before investing. To obtain a prospectus containing this and other important information, please click here to view or download a prospectus online. Read the fund's prospectus carefully before you invest.
There is no guarantee the sectors or asset classes the advisor identifies will benefit from inflation. Fund may invest a larger portion of its assets in one or more sectors than many other funds, and thus will be more susceptible to negative events affecting those sectors.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns. NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the midpoint between the bid and ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.
Distributed by IMST Distributors, LLC, which is not affiliated with AXS Investments.
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SOURCE AXS Investments
