MAGS is the first and only U.S. listed ETF to
target the "Magnificent Seven" stocks
NEW
YORK, July 3, 2024 /PRNewswire/ -- Roundhill
Investments, an ETF sponsor focused on innovative financial
products, is pleased to announce that the Roundhill
Magnificent Seven ETF (MAGS) has surpassed $500 million in assets under management
(AUM)1, as investors continue to embrace the precise
exposure that MAGS offers.
"MAGS is the only ETF dedicated to the Magnificent Seven stocks,
attracting a diverse group of investors seeking targeted exposure
to these market leaders," said Dave
Mazza, Chief Executive Officer at Roundhill Investments.
"More so than ever, investors are demanding ETFs that help them
meet specific objectives."
In addition to MAGS, Roundhill offers the Roundhill Daily 2X
Long Magnificent Seven ETF (MAGX) designed for traders seeking to
amplify their exposure, and the Roundhill Daily Inverse Magnificent
Seven ETF (MAGQ) for traders looking to hedge.
1 Source: Bloomberg as of June
28, 2024.
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered
investment advisor focused on innovative exchange-traded funds.
Roundhill's suite of ETFs offers unique and differentiated
exposures across thematic equity, options income, and trading
vehicles. Roundhill offers a depth of ETF knowledge and experience,
as the team has collectively launched more than 100+ ETFs including
several first-to-market products. To learn more about the company,
please visit roundhillinvestments.com.
Investors should consider the investment objectives, risk,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about
Roundhill ETFs please call 1-855-561-5728 or visit the website at
www.roundhillinvestments.com/etf/MAGS. Read the prospectus or
summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal.
The Fund expects to have concentrated (i.e., invest more than 25%
of its net assets) investment exposure in one or more of the
Technology Industries at any given time, which may vary over time.
Further, the Fund expects to obtain such investment exposure by
transacting primarily with a limited number of financial
intermediaries conducting business in the same industry or group of
related industries. As a result, the Fund is more vulnerable to
adverse market, economic, regulatory, political or other
developments affecting those industries or groups of related
industries than a fund that invests its assets in a more
diversified manner. The value of stocks of information technology
companies and companies that rely heavily on technology is
particularly vulnerable to rapid changes in technology product
cycles. Please see the summary and full prospectuses for a more
complete description of these and other risks of the Fund.
Leverage Risk. The Fund obtains investment exposure in excess of
its net assets by utilizing leverage and may lose more money in
market conditions that are adverse to its investment objective than
a fund that does not utilize leverage. An investment in the Fund is
exposed to the risk that a decline in the daily performance of the
Magnificent Seven ETF will be magnified. This means that an
investment in the Fund will be reduced by an amount equal to 2% for
every 1% daily decline in the market value of the Magnificent Seven
ETF, not including the costs of financing leverage and other
operating expenses, which would further reduce its value. The Fund
could theoretically lose an amount greater than its net assets in
the event the market value of the Magnificent Seven ETF declines
more than 50% in a single trading day. Leverage will also have the
effect of magnifying any differences in the Fund's correlation with
the Magnificent Seven ETF.
Compounding and Market Volatility Risk. The Fund has a daily
inverse investment objective and the Fund's performance for periods
greater than a trading day will be the result of each day's returns
compounded over the period, which is very likely to differ from the
inverse (-1X) of the Magnificent Seven ETF's performance, before
fees and expenses. Compounding affects all investments but has a
more significant impact on funds that are leveraged and that
rebalance daily. For a leveraged fund, if adverse daily performance
of the reference asset reduces the amount of a shareholder's
investment, any further adverse daily performance will lead to a
smaller dollar loss because the shareholder's investment had
already been reduced by the prior adverse performance.
Roundhill Financial Inc. serves as the investment advisor. The
Funds are distributed by Foreside Fund Services, LLC which is not
affiliated with Roundhill Financial Inc., U.S. Bank, or any of
their affiliates.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/roundhill-magnificent-seven-etf-surpasses-500-million-in-aum-302188381.html
SOURCE Roundhill Investments