Both ETFs are the first of their kind, offering leveraged and inverse exposure to high demand investments
NEW YORK, May 2, 2022 /PRNewswire/ — AXS Investments, a leading asset manager providing access to alternative investments for growth, income and diversification, is today launching two new first-of-their-kind ETFs: the AXS 2X Innovation ETF (Nasdaq: TARK) and the AXS Short China Internet ETF (Nasdaq: SWEB).
TARK seeks two times (2x) the daily exposure to a portfolio of companies involved in transformational industries, such as genomics, autonomous vehicles and next-gen internet. The ETF is designed as a potential solution for investors who have a bullish view on the growth of these disruptive technologies.
“Recent market conditions have created what we view as a very compelling entry point for high conviction investors who believe in the value of innovation,” said Greg Bassuk, Chief Executive Officer of AXS Investments. “We are excited to offer the AXS 2X Innovation ETF as an easily accessible leveraged exposure to these companies.”
SWEB also is a groundbreaking concept in the ETF industry, seeking 1x daily short exposure to a portfolio of China-based Internet-related companies, designed for investors who may want to take a targeted position against a group that has recently faced a challenging macro backdrop.
“We believe offering inverse exposure to China’s Internet sector creates an opportunity for those investors who foresee a continuation of the market and geopolitical headwinds that are currently confronting Chinese technology and Internet-related companies,” added Bassuk.
AXS Growing Lineup Solidifies Position as Leading Provider of Alternative Strategies
Along with the launch of these two ETFs, the Tuttle Capital Short Innovation ETF (Nasdaq: SARK) also is planned to join the AXS funds family. SARK seeks inverse exposure to the same portfolio of disruptive technologies captured by TARK. Since launching in November, SARK has amassed over $425 million in assets under management.
“We’re thrilled to be adding SARK to our fast-growing lineup of ETFs. The fund’s asset gathering success is proof that investors want a simple way to express an investment view on innovation and future-focused technology,” continued Bassuk. “The launch of TARK and SWEB, and the addition of SARK to our lineup, are emblematic of the innovation and ‘access’ that the AXS fund family represents. We look forward to continuing to build out what we believe will be the most innovative …….