A $1.1B-AUM Firm Takes On Stagflation
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Wednesday, May 4, 2022

A $1.1B-AUM Firm Takes On Stagflation

A $1.1-billion-AUM firm on the West Coast has a new offering.

Today, Axel Merk, president and chief investment officer of Merk Investments [profile], unveiled the new Merk Stagflation ETF (STGF on the NYSE Arca). The passive ETF's inception date was yesterday, and it comes with an expense ratio of 45 basis points. (The launch comes seven years after another Merk ETF rebranded thanks to a new partnership.)

The new fund tracks the Solactive Stagflation Index, licensed from Solactive AG, and is a series of the Listed Funds Trust. Merk Investments serves as the fund's investment advisor, and a Merk Investments trio — Daniel Lucas (managing director of quantitative research and trading); Nick Reece (vice president of macro research and investment strategy); and Merk himself — serve as its PMs.

Merk explains that the new fund is designed to offer growth and "inflation-sensitive income" in an environment of high inflation and bull markets in commodites and real estate.

"This is the first stagflation-themed ETF in the market," Reece states.

"The Merk Stagflation ETF is a cost-efficient, one-click inflation hedge ETF," Merk adds.

The new fund's other service providers include: BBD, LLP as independent accounting firm; Foreside Fund Services, LLC as distributor; Morgan, Lewis & Bockius LLP as counsel; U.S. Bancorp Fund Services, LLC (dba ) as administrator and transfer agent; and U.S. Bank, N.A. as custodian.

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