ETFs
Roundhill Magnificent Seven ETF Surpasses $500 Million in Assets Under Management
MAGS is the first and only U.S.-listed ETF to target stocks from the “Magnificent Seven”
NEW YORK, July 3, 2024 /PRNewswire/ — Roundhill Investments, an ETF sponsor focused on innovative financial products, is pleased to announce that Roundhill Magnificent Seven ETF (MAGS) surpassed $500 million in assets under management (AUM)1 as investors continue to embrace the precise exposure that MAGS offers.
“MAGS is the only ETF dedicated to the Seven Wonders stocks, attracting a diverse group of investors seeking targeted exposure to these market leaders,” said Dave Mazza, Managing Director of Roundhill Investments. “More than ever, investors are demanding ETFs that help them achieve specific goals.”
In addition to MAGS, Roundhill offers the Roundhill Daily 2X Long Magnificent Seven ETF (MAGX) designed for traders looking to amplify their exposure, and the Roundhill Daily Inverse Magnificent Seven ETF (MAGQ) for traders looking to hedge.
1 Source: Bloomberg as of June 28, 2024.
About Roundhill Investments:
Founded in 2018, Roundhill Investments is an SEC-registered investment advisory firm specializing in innovative exchange-traded funds. Roundhill’s suite of ETFs offers unique and differentiated exposures to thematic equities, options income and trading vehicles. Roundhill offers deep ETF knowledge and experience, as the team has collectively launched over 100 ETFs, including several first-to-market products. To learn more about the firm, please visit roundhillinvestments.com.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus or summary prospectus containing this and other information about Roundhill ETFs, please call 1-855-561-5728 or visit the website at www.roundhillinvestments.com/etf/MAGSRead the prospectus or simplified prospectus carefully before investing.
Investing involves risks, including loss of principal. The Fund intends to concentrate (i.e., invest more than 25% of its net assets) its investment exposure in one or more technology sectors at any one time, which may vary over time. In addition, the Fund intends to obtain this investment exposure primarily by engaging in transactions with a limited number of financial intermediaries engaged in the same sector or a group of related sectors. As a result, the Fund is more vulnerable to adverse market, economic, regulatory, political or other developments affecting these sectors or groups of related sectors than a fund that invests its assets in a more diversified manner. The value of stocks of information technology companies and companies that are heavily dependent on technology are particularly vulnerable to rapid changes in technology product cycles. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund.
Leverage Risk. The Fund obtains investment exposure greater than its net assets by using leverage and may lose more money in market conditions adverse to its investment objective than a fund that does not use leverage. An investment in the Fund is subject to the risk that a decline in the daily performance of the Magnificent Seven ETF will be magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily decline in the market value of the Magnificent Seven ETF, excluding the costs of financing the leverage and other operating expenses, which would further reduce its value. The Fund could theoretically lose an amount greater than its net assets in the event that the market value of the Magnificent Seven ETF declines by more than 50% in a single trading day. Leverage will also have the effect of magnifying any difference in the Fund’s correlation with the Magnificent Seven ETF.
Compounding and Market Volatility Risk. The Fund has a daily inverse investment objective and the Fund’s performance for periods greater than one trading day will be the result of daily returns compounded over the period, which is very likely to differ from the inverse (-1X) of the performance of the Magnificent Seven ETF, before fees and expenses. Compounding affects all investments, but has a greater impact on funds that are leveraged and rebalance daily. For a leveraged fund, if an adverse daily performance of the Reference Asset reduces the amount of a shareholder’s investment, any further adverse daily performance will result in a smaller dollar loss because the shareholder’s investment had already been reduced by the prior adverse performance.
Roundhill Financial Inc. acts as investment advisor. The funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Roundhill Financial Inc., US Bank or any of their affiliates.
SOURCE Roundhill Investments