AXS Investments to Ring the Opening Bell at the New York Stock Exchange to Mark the Successful Launch of the AXS Astoria Inflation Sensitive ETF (PPI)
Firm selected for its innovative and aggressive product expansion efforts, successful launch of its first ETF, the AXS Astoria Inflation Sensitive ETF (PPI)
NEW YORK, May 31, 2022 – AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, announced that it will be ringing 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 $70 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 assets 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 was our first foray into the ETF space, 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.
Equity Securities Risk: Equity securities may be particularly sensitive to rising interest rates, as the cost of capital rises and borrowing costs increase. Equity securities may decline significantly in price over short or extended periods of time, and such declines may occur in the equity market as a whole, or in only a particular country, company, industry or sector of the market.
Commodities Risk: Commodity prices can have significant volatility, and exposure to commodities can cause the value of the Fund’s shares to decline or fluctuate in a rapid and unpredictable manner. The values of commodities may be affected by changes in overall market movements, real or perceived inflationary trends, commodity index volatility, changes in interest rates or currency exchange rates, population growth and changing demographics, international economic, political and regulatory developments, and factors affecting a particular region, industry or commodity.
Futures Contracts Risk: The Fund expects that certain of the Underlying ETFs in which it invests will utilize futures contracts for its commodities investments. The risk of a position in a futures contract may be very large compared to the relatively low level of margin the Underlying ETF is required to deposit. In many cases, a relatively small price movement in a futures contract may result in immediate and substantial loss or gain to the investor relative to the size of a required margin deposit. The prices of futures contracts may not correlate perfectly with movements in the securities or index underlying them.
TIPS Risk: Principal payments for Treasury Inflation-Protection Securities are adjusted according to changes in the Consumer Price Index (CPI). While this may provide a hedge against inflation, the returns may be relatively lower than those of other securities.
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.