BOUNTIFUL, Utah, Aug. 9, 2024
/PRNewswire/ -- Summit Global Investments (SGI)
announces they will be ringing the closing bell at the Nasdaq
today, August 9, 2024. They're
celebrating the SGI Enhanced Core ETF (USDX) which launched on
February 29th, 2024, and
has surpassed $100 million in assets
under management within its first five months.
"When we decided to bring our Enhanced Core strategy to market
in a new ETF, we expected it to do well, and we are grateful to see
it grow so quickly," said Dave
Harden, CEO, Summit Global Investments. "We couldn't think
of a better way to celebrate this momentous launch and milestone
than by celebrating with our partners at the Nasdaq and ringing the
Closing Bell."
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 the USDX methodology increases the potential of
providing improved yield compared to traditional option-based
strategies," said Harden. "And we look forward to see what the next
year might bring."
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.
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