Amplify ETFs Launches the Amplify Pure Junior Gold Miners ETF (NYSE Arca: JGLD)

Rhea-AI Summary

Amplify ETFs has launched the Amplify Pure Junior Gold Miners ETF (NYSE Arca: JGLD), targeting investors interested in junior and exploratory gold mining companies. This ETF aims to mirror the EQM Pure Junior Gold Miners Index, focusing solely on small and mid-cap gold producers. It imposes strict criteria: companies must not produce over 1 million troy ounces of gold and must derive at least 75% of revenues from gold. With an expense ratio of just 0.49%, JGLD offers efficient investment exposure. Amplify ETFs manages over $2.5 billion in assets as of November 30, 2020.

Positive

• Launch of Amplify Pure Junior Gold Miners ETF (JGLD) providing exposure to junior gold mining companies.
• Strict criteria ensure portfolio purity, focusing only on small and mid-cap gold producers.
• Low expense ratio of 0.49% compared to other ETFs in the sector.

Negative

• None.

A “Pure Play” on Junior Gold Mining Companies

CHICAGO, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Amplify ETFs announces the launch of the Amplify Pure Junior Gold Miners ETF (NYSE Arca: JGLD), an index-based ETF comprised of companies engaged in junior and exploratory gold mining. JGLD seeks investment results that correspond generally to the EQM Pure Junior Gold Miners Index.

“As investors increasingly allocate to gold in the current market environment, we believe the capital appreciation and diversification potential of small- and mid-cap gold and exploratory gold producers can’t be ignored,” said Christian Magoon, CEO of Amplify ETFs. “JGLD provides investors with cost-efficient and pure exposure to this market segment by implementing production and revenue tests that other gold stock ETFs might lack.”

The JGLD difference is purity: Legacy junior gold mining ETFs may include silver mining stocks or be overly allocated to large-cap stocks. JGLD utilizes two important tests designed to keep the portfolio focused on junior gold mining stocks: 1) Companies cannot produce or receive royalties on more than 1 million troy ounces of gold (Result: 88% of stocks held in JGLD are small and mid-cap – as of 11/30/20); 2) Companies must meet a 75% gold revenue or deposit test for portfolio inclusion (Result: No silver mining or diversified mining stocks qualify to be in the portfolio).

To be included in the portfolio, a company must have a market capitalization equal to or greater than $100 mil USD, and an average daily traded value greater than $1 mil USD over the last 90 trading days. JGLD is also one of the lowest cost gold mining ETFs, with an expense ratio of 0.49%.

Investors can learn more about JGLD at AmplifyETFs.com/JGLD.

About Amplify ETFs

Amplify ETFs, sponsored by Amplify Investments, has over $2.5 billion in assets across its suite of ETFs (as of 11/30/2020). Amplify believes the ETF structure empowers investors through efficiency, transparency and flexibility. Amplify ETFs deliver expanded investment opportunities for growth, capital preservation, and income-focused investors.

Sales Contact:
Amplify ETFs
855-267-3837
info@amplifyetfs.com

or

Media Contact:
Gregory FCA for Amplify ETFs
Caitlyn Foster
610-228-2056
caitlyn@gregoryfca.com

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by calling 855-267-3837 or by visiting AmplifyETFs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. The Fund is new with a limited operating history for investors to evaluate. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. The Fund is not actively managed. The Fund invests in securities included in its Index regardless of their investment merit. Narrowly focused investments typically exhibit higher volatility. A portfolio concentrated in a single industry, such as junior gold miners, makes it vulnerable to factors affecting the companies. The Fund is sensitive to changes in, and its performance will depend to a greater extent on, the overall condition of the gold mining industry. Investments in metals and mining companies may be speculative and subject to greater price volatility than investments in other types of companies.

For the full Fund disclosure, please visit the Fund’s website by clicking here.
Click here for the Fund’s prospectus.

The EQM Pure Junior Gold Miners (JRGOLD) Index intends to provide exposure to global companies engaged in junior and exploratory gold mining. Index components must derive at least 75% of the revenues from the sale of gold or through gold royalty agreements, or for exploratory gold producers, 75% of surveyed deposits must be attributable to gold. Components are either Junior Gold Producers (companies producing less than 1 million troy ounces of gold per year or royalties less than 1 million equivalent troy ounces per year or Exploratory Gold Producers, companies in pre-production (0 troy ounces of gold produced per year).

Amplify Investments LLC is the Investment Adviser to the Fund, and Toroso Investments, LLC serves as the Investment Sub- Adviser.

Amplify ETFs are distributed by Foreside Fund Services, LLC.

FAQ

What is the Amplify Pure Junior Gold Miners ETF (IBUY)?

The Amplify Pure Junior Gold Miners ETF (IBUY) is designed to provide investors with exposure to junior and exploratory gold mining companies, specifically targeting small and mid-cap producers.

What sets JGLD apart from other gold mining ETFs?

JGLD differentiates itself by focusing exclusively on junior gold mining stocks and employing strict production and revenue criteria to filter its portfolio.

What are the expense ratios for the JGLD ETF?

The Amplify Pure Junior Gold Miners ETF (JGLD) has a low expense ratio of 0.49%, making it one of the cost-efficient options in the sector.

What is the market capitalization requirement for companies in JGLD?

To qualify for inclusion in JGLD, a company must have a market capitalization of at least $100 million.

What percentage of JGLD's holdings are small and mid-cap stocks?

As of November 30, 2020, 88% of the stocks held in JGLD are classified as small and mid-cap.