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ERShares announced developments for its XOVR ETF, the first exchange-traded fund incorporating private equity in its portfolio. The ETF currently holds a 10% position in SpaceX and provides exposure to pre-IPO companies like Klarna.
The fund aims to democratize retail investor access to private companies that are staying private longer, addressing the growing gap between private and public market opportunities. Chief Investment Strategist Eva Ados highlighted how the current IPO landscape limits retail investor participation in significant wealth-creation events.
The ETF employs a structured valuation methodology for private equity holdings, adjusting based on tender offers, IPOs, private transactions, and market movements. Dr. Joel Shulman, ERShares' Founder and CIO, emphasized their commitment to maintaining transparent and consistent valuation practices while providing investors access to high-growth companies before public listings.
XOVR ETF has increased its investment in SpaceX by $13 million, bringing SpaceX's total allocation to 11% of AUM. The fund, managed by ERShares, is the only ETF providing exposure to private equity and focuses on entrepreneurial U.S. large-cap companies using the ER30TR Index.
The fund's investment strategy is based on ERShares' Proprietary Venture Capital Model, developed by CEO/CIO Dr. Joel Shulman. The company strongly refuted recent WSJ claims about SpaceX's share price range and potential trading strategies, calling them misguided and demonstrating a lack of understanding of private equity markets.
XOVR ETF aims to democratize access to private equity for retail investors, offering opportunities historically reserved for accredited investors. The fund utilizes the ER30TR Index for over 85% of its weight, focusing on Entrepreneurial US Large Cap companies.
ERShares Crossover ETF (XOVR) has acquired an additional $10M investment in SpaceX, bringing its total position to over $20M (including 37% appreciation). SpaceX now represents 12.3% of XOVR's portfolio, making it the fund's top holding. XOVR, relaunched on NASDAQ on August 29, 2024, is pioneering a new ETF model by combining public and private equities in a single, liquid fund.
The ETF allocates over 85% to the Entrepreneur 30 Total Return Index (ER30TR) and up to 15% to private equities. The ER30TR Index has delivered a total return of 2023% as of December 11, 2024, outperforming major indices like the S&P 500 (640%), Dow 30 (589%), and Russell 1000 Growth (965%). The fund offers daily liquidity, transparency, and no minimum investment requirements.
ERShares has announced SpaceX as the top holding in its Crossover ETF (XOVR), marking its first private equity investment. Launched on NASDAQ in August 2024, XOVR combines public and private equities in a single, liquid fund with an AUM cap of $500 million. The ETF allocates over 85% to the Entrepreneur 30 Total Return Index (ER30TR) and up to 15% to private equities. The ER30TR Index has delivered a total return of 2036% since 2005, outperforming major indices. XOVR offers daily liquidity, transparency, and no minimum investment, making private equity accessible to retail investors.
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