The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Thematic Shop Plugs In a 5-Stock ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 13, 2023

A Thematic Shop Plugs In a 5-Stock ETF

Reported by Neil Anderson, Managing Editor

The folks at a New York City-based thematic asset manager are expanding their lineup to five ETFs with a new fund that invests in just five stocks.

Sylvia M. Jablonski Kampaktsis
Defiance ETFs
CEO, Chief Investment Officer
Yesterday, Sylvia Jablonski, CEO of Defiance ETFs [profile], unveiled the launch of the Defiance Pure Electric Vehicle ETF (EVXX on the NYSE Arca, Inc.). The new, non-diversified index fund is a series of ETF Series Solutions.

EVXX's inception date was yesterday, and it comes with an expense ratio of 68 basis points.

Defiance ETFs, LLC serves as EVXX's investment advisor, and Vident Investment Advisory, LLC (VIA, which has partnered with Defiance before) serves as subadvisor. The new fund's PM team includes Ryan Dofflemeyer, senior portfolio manager at VIA, and Austin Wen, PM at VIA.

The Defiance team designed EVXX to track the Solactive Pure US Electric Vehicle Index (aka the Pure EV Index). That index, in turn, tracks the stocks of the five largest electric vehicle manufacturers by market cap.

In 2022, several firms debuted thematic ETFs with connections to the electric vehicle industry. Yet the Defiance team describes EVXX as "the first ETF in the electric vehicle ('EV') sector to target pure exposure to EV manufacturers."

"We continue to hear from investors that there is demand for a pure EV ETF, which captures this emerging megatrend without diluting the purity of the product with traditional semiconductor and auto stocks, which have little or no EV sales," Jablonski states. "Defiance is thrilled to be bringing EVXX to market to fill that void."

EVXX's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Foreside Fund Services, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as administrator, index receipt agent, and transfer agent; and U.S. Bank National Association as custodian. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use