AXS Investments Rings the Opening Bell at The New York Stock Exchange to Mark the Successful Launch of the AXS Astoria Inflation Sensitive ETF (PPI)

Rhea-AI Summary

AXS Investments celebrated the successful launch of the AXS Astoria Inflation Sensitive ETF (NYSE Arca: PPI) by ringing the Opening Bell at the NYSE on May 31, 2022. Launched on December 30, 2021, the ETF has surpassed $75 million in assets, attracting attention for its unique strategy targeting inflation-sensitive investments. CEO Greg Bassuk expressed enthusiasm for the ETF's market reception, emphasizing its relevance amid rising inflation concerns. The ETF aims to provide a hedge against inflation while identifying potential growth opportunities in inflationary conditions.

Positive

• PPI ETF has exceeded $75 million in assets, indicating strong investor interest.
• The ETF employs a differentiated approach to hedge against inflation and capitalize on rising prices.

Negative

• None.

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

FAQ

What is the AXS Astoria Inflation Sensitive ETF (PPI)?

The AXS Astoria Inflation Sensitive ETF (PPI) is an actively managed ETF designed to hedge against inflation and generate appreciation through inflation-sensitive investments.

When was the AXS Astoria Inflation Sensitive ETF (PPI) launched?

The AXS Astoria Inflation Sensitive ETF (PPI) was launched on December 30, 2021.

What milestone did AXS Investments celebrate on May 31, 2022?

On May 31, 2022, AXS Investments rang the Opening Bell at the NYSE to celebrate the successful launch of the AXS Astoria Inflation Sensitive ETF (PPI).

How much assets has the AXS Astoria Inflation Sensitive ETF (PPI) attracted?

The AXS Astoria Inflation Sensitive ETF (PPI) has attracted over $75 million in assets.

Who is the CEO of AXS Investments?

Greg Bassuk is the CEO of AXS Investments.