Burton Malkiel, the legendary Princeton professor and author of the
seminal best-selling book “A Random Walk Down Street,” has joined the
Index Committee for the Toroso ETF Industry Index (“TETF.Index”), it was
“In the years since I first wrote ‘Random Walk’ the asset management
industry has undergone nothing short of a sea change, marked by the
emergence and increasing dominance of index-based investment
approaches,” said Dr. Malkiel. “As the indexing and ETF universe has
grown and matured, capturing its growth in an index of its own is the
next logical step and is a very exciting proposition. It is one which I
am very much looking forward to focusing on with my fellow Index
TETF.Index is designed to provide exposure to the publicly traded
companies that derive revenue from the ETF industry. This includes ETF
sponsors, index and data companies, trading and custody providers,
liquidity providers, and exchanges.
The index also underlies the ETF Industry Exposure & Financial Services
ETF (NYSE Arca: TETF), the first and only Exchange-Traded Fund providing
investors with a single point of access to the companies driving and
participating in the growth of the ETF industry.
Professor Malkiel joins an Index Committee whose members collectively
have several decades of experience in the ETF industry, including Mike
Venuto, CIO of Toroso Investments; Guillermo Trias, CEO of Toroso
Investments; Linda Zhang, Founder of Purview Investments; Kris Monaco,
Founder of Level ETF Ventures; and Kevin Carter, Founder of Big Tree
“Professor Malkiel is undoubtedly one of the preeminent experts on the
ETF industry, having made a compelling case for the rise of index
investing years before there was such a thing as an ETF,” said Mike
Venuto. “We are thrilled to welcome him to our Index Committee and to
put all of his valuable insights to work.”
The Index, maintained by Solactive AG, is designed with four tiers of
Tier 1, 50% of the Index’s exposure, is made up of companies
with substantial participation in the ETF industry, providing direct
financial impact to shareholders, including BlackRock, Charles Schwab,
Invesco, State Street, WisdomTree, and more.
Tier 2, 25% of the index’s exposure, is made up of companies
with substantial participation in the ETF industry, providing indirect
financial impact to shareholders, including KCG Holdings, NASDAQ,
Intercontinental Exchange, Inc., and more.
Tier 3, 15% of the Index’s exposure, is made up of those
companies with moderate levels of participation in industry, including
Bank of New York Mellon, US Bancorp, FactSet, Ameriprise Financial,
Tier 4, approximately 10% of the Index’s exposure, includes
companies that are new or participating in a smaller way in the ETF
industry relative to their overall focus, and includes such names as
Morningstar, Eaton Vance, Goldman Sachs, Legg Mason, Citigroup, and
More information on the Index, including its construction methodology,
cap weightings, holdings and more, can be found here: http://www.torosoam.com/torosos-etf-industry-index/
About Toroso Investments®
Founded in 2012, Toroso Investments, LLC is an asset management and
research firm doing business as Toroso Asset Management, dedicated to
researching, managing and launching strategies within the expanding ETF
universe; and a consulting platform doing business as Tidal Growth
Consultants, dedicated to unlocking the growth potential of other RIAs
and ETF issuers.
Launched by a group of finance thought leaders who have been designing,
marketing, distributing, and utilizing ETFs for years, Toroso is now
leading the sector with unparalleled ETF expertise and an analytical
platform that is leveraged for servicing investors, Financial Advisors
and ETF issuers around the world.
About Exchange Traded Concepts
Exchange Traded Concepts is the leading turnkey ETP platform that
provides time- sensitive and cost-effective methods to bring an
exchange-traded fund to market. Seasoned ETF professionals have the
operational and regulatory experience plus the industry expertise
required to navigate the complexities of launching and managing an ETF.
ETC has developed strategic relationships with other ETF service
providers to assist ETC’s sub-advisors in navigating the exchange-traded
fund launch process with the guidance necessary to maintain regulatory
compliance. With more than 30 fund launches and more than $2.6 billion
in AUM, ETC continues to innovate and expand the ETF universe.
There are risks involved with investing, including loss of principal.
The Fund’s assets will be concentrated in the financial services sector,
which means the Fund will be more affected by the performance of the
financial services sector than a fund that is more diversified.
Companies engaged in ETF Activities could be adversely affected if the
current growth of the ETF market is not sustained. The Fund’s return may
not match or achieve a high degree of correlation with the return of the
Index. The Fund is non-diversified.
There is no guarantee the fund will achieve its stated objective.
To determine if the fund is an appropriate investment for you,
carefully consider the fund’s investment objectives, risk, and charges
and expenses. This and other information can be found in the fund’s
prospectus, which can be obtained by calling 844-380-TETF (8383) or by
Please read the prospectus carefully before investing.
Exchange Traded Concepts, LLC serves as the investment advisor, and
Penserra Capital Management LLC serves as a sub advisor to the fund. The
Funds are distributed by SEI Investments Distribution Co. (1 Freedom
Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange
Traded Concepts, LLC or any of its affiliates.
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