Amplify Online Retail ETF reaches $200m AUM milestone

Feb 23rd, 2018 | By | Category: Equities

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Amplify ETFs has announced that its flagship product, the Amplify Online Retail ETF (IBUY US), surpassed $200 million in assets under management (AUM) as it continues to capitalize on the global growth of online retail sales.

Amplify ETFs' online retail ETF (IBUY) breaks $200mn milestone

Christian Magoon, CEO of Amplify ETFs.

Christian Magoon, founder and CEO of Amplify ETFs, commented, “Online retail sales only constitute 9% of total US sales, and we believe e-commerce is a trend that will gain significant momentum well into the future.

“IBUY presents a compelling opportunity for investors to capitalize on this robust growth potential within their traditional brick-and-mortar consumer discretionary and retail allocation.”

As of 31 January 2018, the fund has delivered an impressive 78.4% annualized return since it was first launched back in April 2016. The bulk of this performance can be attributed to the last 12 months, during which it has returned 58.3%.

The ETF tracks the EQM Online Retail Index, a rules-based index tracking a globally diverse basket of companies that fall into three online retail categories: marketplace, travel and merchants. All constituent companies must generate at least 70% of revenue from online or virtual sales. The index is equal-weighted with a maximum 25% exposure to non-US stocks. The underlying securities are split relatively evenly between large, mid and small-cap stocks, accounting for 34%, 39% and 27% respectively.

The ETF currently has AUM of $233.1m and an expense ratio of 0.65%.

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