In March 2022, Samsung Asset Management revealed that it bought a 20-percent equity stake in Amplify. Watch for the two firms to team up on marketing and product development, and Samsung AM gets exclusive Amplify distribution rights in Asia.
Amplify ETFs was founded by Christian Magoon in 2015. Since then it has grown through its investment strategies that aim to invest and seek out unique market segments with high potential for growth.
Amplify has been earned several awards and recognition since it launched. Its YieldShares CWP Dividend & Option Income ETF was a finalist in ETF.com's "Best Active ETFs" 2016 listing and its YieldShares High Income ETF won Multi-Asset ETF of the Year at the 2017 Fund Action ETF Innovation Awards.
Amplify is also a pioneer in the online retailer ETF industry when it launched the Amplify Online Retail ETF in April 2016 which was the first ETF in the U.S. to invest primarily in online retailers.