Led by ETF industry pioneers, AXS is fast building a significant footprint in the ETF space
AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, announced that the AXS Astoria Inflation Sensitive ETF (PPI), has surpassed the $50 million asset mark in just over 50 trading days since the launch of the exchange-traded fund (ETF).
PPI is a first-of-its-kind multi-asset ETF designed to combat the pernicious effects that inflation can have on a portfolio, while seeking exposure to investments poised to do well in inflationary environments. Actively managed by ETF veteran John Davi, PPI is designed as a one-stop allocation to investments that have historically benefited from rising prices, including a dynamic mix of historically inflation-sensitive stocks and ETFs, such as commodities, TIPS, cyclical stocks such as industrials, materials, banks, home builders, and more.
Latest Fintech News: Wirex Unveils New X-tras Programme, Revolutionising Crypto Rewards
“We’ve been very pleased with the marketplace’s response to PPI, which we designed to provide a highly differentiated approach to not just blunting the impacts of inflation, but also finding the opportunities for upside that an inflationary environment can deliver,” said Greg Bassuk, Chief Executive Officer of AXS Investments. “Crossing the $50 million mark in just over 50 days of trading is an exciting milestone for our firm, but we are very much just getting started with our ETF efforts.”
Download our top whitepaper: Building Reliable and Secure Fintech Systems in 2022
AXS’s leadership team has been the driving force behind a number of innovative ETF “firsts,” including many currently in the market that they launched at firms they previously founded, built and scaled. AXS’s robust pipeline of ETFs offers a window into the firm’s plans to continue building an innovative lineup of solutions that offer new access to investments for all types of investors.
Latest Fintech News: National Funding Announces the Upsize of Its Bank Credit Facility to $100 Million
[To share your insights with us, please write to sghosh@martechseries.com]
