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Rating:A $4.4B-AUM ETF Shop Takes On Inflation Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 7, 2022

A $4.4B-AUM ETF Shop Takes On Inflation

Reported by Neil Anderson, Managing Editor

A $4.4-billion-AUM (as of December 31), seven-year-old ETF shop in the Chicago area is teaming up to help investors bet on asset classes that benefit from inflationary pressures.

Christian Magoon
Amplify Investments LLC
Last week, Christian Magoon, CEO of Amplify Investments LLC [profile], unveiled the Wheaton, Illinois-based firm's newest fund: the Amplify Inflation Fighter ETF (IWIN on the NYSE Arca, Inc.). The new fund debuted last Wednesday and, as of today, has more than $3.7 million in AUM.

The new ETF is a series of the Amplify ETF Trust. Amplify Investments serves as investment advisor, and Toroso Investments, LLC serves as subadvisor. Toroso chief investment officer Michael Ventuo and Toroso portfolio managers Qiao Duan and David Dziekanski will PM the new fund.

The new fund, an actively managed one, comes with an expense ratio of 85 basis points. The strategy behind the fund involves investing in certain stocks, as well as commodities futures and ETFs (including bitcoin futures and ETFs) that could benefit from inflation.

"We believe IWIN provides investors with a dynamic, convenient and diverse approach to combat inflation's impact on broad-based portfolios," Magoon states.

Other service providers to the new fund include: Chapman and Cutler LLP as counsel; Cohen & Company, Ltd. as independent accountant; Foreside Fund Services, LLC as distributor; U.S. Bancorp Fund Services, LLC as administrator, fund accountant, and transfer agent; and U.S. Bank National Association as custodian. 

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