Innovative enhanced yield product USDX reaches AUM milestone
in less than five months
BOUNTIFUL, Utah, Aug. 2, 2024
/PRNewswire/ -- Summit Global Investments (SGI) announced today
that their SGI Enhanced Core ETF (USDX) has vaulted past the
$100 million mark in assets under
management (AUM) since launching February
29, 2024. USDX is one of five ETFs that SGI has launched
within the last year as the firm continues to expand its presence
in the ETF space.
"We're excited by the traction our recent ETF efforts have been
gaining, as we believe it represents an ever-growing
democratization of the investment process in general," said
Dave Harden, CEO/CIO, Summit Global
Investments. "The rapid growth pattern of USDX indicates the
growing desire investors have for preservation of capital,
increased income, and higher yields—especially in the face of
today's persistent inflation, higher-for-longer interest rate
environment, broadening geo-political volatility, and concern over
market concentration and valuations. There's also a large appetite
for simplifying the investment process against the backdrop of this
uniquely volatile economic landscape."
USDX utilizes a diversified portfolio of higher-yielding,
high-quality short-term money market instruments, and implements
SGI's risk-averse actively traded put and call options management
designed to enhance yield and manage risk. "We believe this gives
USDX the potential to provide improved yield compared to
traditional Core investment strategies," Harden said.
As with all their investment vehicles, USDX is guided by SGI's
Managed Risk Approach™, which seeks to preserve and grow capital by
utilizing risk-appropriate strategies designed to minimize downside
loss. "Ultimately, we think this approach gives investors a better
opportunity to manage risk more diligently and experience the true
power of compounding returns, and we look forward to pioneering
more investment strategies with these founding principles in mind,"
Harden said.
About Summit Global Investments
Headquartered in Bountiful,
Utah, SGI adheres to a disciplined, managed-risk,
multi-factor investment process designed to find attractive
investment opportunities. The firm manages multiple investment
strategies for its clients. Over a full market cycle, their
defensive strategies have historically limited downside risks and
allowed for participation in market rallies. SGI's mission is clear
– to help investors win. They care about return and deeply care
about the risk associated with such returns. Ever mindful of the
impact on their clients' assets, the combination of risk, return
and impact is at the center of their Managed Risk Approach. ™
SGI's investment process has evolved over decades of research
and continuous revisions to understand and exploit what reduces
risk, avoids pitfalls and elevated idiosyncratic risks, and drives
market returns.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call (888)251-4847 or visit our website at sgiam.com.
Read the prospectus or summary prospectus carefully before
investing.
Investing involves risk, including possible loss of principal.
The Fund is a newly organized, diversified management investment
company with no operating history. To the extent the Fund invests
in Underlying Funds that invest in fixed income securities, the
Fund will be subject to fixed income securities risks. While fixed
income securities normally fluctuate less in price than stocks,
there have been extended periods of increases in interest rates
that have caused significant declines in fixed income securities
prices. To the extent that a Fund invests in Underlying Funds that
invest in high-yield securities and unrated securities of similar
credit quality (commonly known as "junk bonds"), the Fund may be
subject to greater levels of interest rate and credit risk than
funds that do not invest in such securities. Small-cap companies
that the Underlying Funds may invest in may be more volatile than,
and not as readily marketable as, those of larger companies. Small
companies may also have limited product lines, markets or financial
resources and may be dependent on relatively small or inexperienced
management groups. Underlying Funds that invest in foreign
securities may be subject to special risks, including, but not
limited to, currency exchange rate volatility, political, social or
economic instability, less publicly available information, less
stringent investor protections and differences in taxation,
auditing and other financial practices. Investments in emerging
market securities by Underlying Funds are subject to higher risks
than those in developed countries because there is greater
uncertainty in less established markets and economies. To the
extent the Fund invests in Underlying Funds that focus their
investments in a particular industry or sector, the Fund's shares
may be more volatile and fluctuate more than shares of a fund
investing in a broader range of securities.
S&P 500 is an unmanaged index which is widely regarded
as the standard for measuring large-cap U.S. stock market
performance.
The SGI Enhanced Core ETF is distributed by Quasar Distributors,
LLC
Media Contact:
Hibre Teklemariam,
SunStar Strategic,
hteklemariam@sunstarstrategic.com,
703-894-1057
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SOURCE Summit Global Investments