Amplify launches “ Clean Living ” ETF for new-age sensitivities: CEO


The craze for clean living doesn’t stop with American companies.

The trend has now seeped into the exchange-traded fund market, where Amplify ETFs – the company behind popular thematic funds such as Amplify Seymour Cannabis ETF (CNBS) and Amplify Transformational Data Sharing ETF (BLOK) – has now filed a ETF request. focused on a clean life.

If approved, the index fund will launch later this year under the ticker symbol DTOX, Christian Magoon, founder and CEO of Amplify, told TBEN’s “ETF Edge” this week.

ALSO READ  SpaceX reportedly defeated Bezos' Blue Origin in NASA competition to build astronaut lunar lander

DTOX will follow “companies in the fields of construction and infrastructure, health, beauty, food, catering, energy and transportation that produce products that are better for the environment or better for the environment. the human body, ”Magoon said in an interview Monday.

It sounds broad, but Amplify has offered relatively rigid rules for its participations.

“They must have about 80% of their income in these spaces,” Magoon said.

ALSO READ Up More Than 4% On Hong Kong IPO; Top executive expects 'record numbers' of Chinese travelers

“It’s really kind of capitalizing on this trend that people want to live cleaner in terms of footprint, health, environment,” he said. “We think this is a trend that is going to last for a while. We believe that companies that look to this and derive the majority of their revenue from it have a chance of producing alpha.”

While there are ETFs focused on clean energy and health and wellness, DTOX would be the first to reflect both themes.

ALSO READ  Firefly Aerospace Becomes Last Space Unicorn After $ 75 Million Raise