Amplify ETFs announces the firm has accumulated over $1 billion in assets under management since the inception of its first exchange traded fund (ETF) in 2016. The diverse product line currently includes 10 ETFs across three categories: Core ($369 million), Income ($232 million) and Thematic ($473 million). Amplify ETFs CEO Christian Magoon was an early advocate of the ETF structure and has been behind the launch of more than 70 ETFs in his career.
Amplify ETFs has announced the BlackSwan Growth & Treasury Core ETF (NYSE: SWAN) has surpassed $250 million in assets under management, as it has continued to buffer against significant losses while seeking uncapped upside to the S&P 500 Index. The Fund has generated a positive total return of 3.85% year-to-date (as of 4/24/20), outperforming the S&P 500 Total Return Index by 15.51% amid significant market volatility in 2020.
Stocks are bouncing back following Tuesday's market-selloff, as Super Tuesday results are overshadowing concerns about the coronavirus. Exponential ETFsFounder & CEO Phil Bak joins Seana Smith on The Ticker to discuss.