SUMMIT, N.J.--(BUSINESS WIRE)--ETF Managers Group LLC (“ETFMG”) is renaming six ETFs within the ETF Managers Series Trust. On August 1, 2017, the resulting name changes are as follows:
|Former Name||New Name||Ticker|
|PureFunds ISE Cyber Security ETF||ETFMG Prime Cyber Security ETF||HACK|
|PureFunds ISE Mobile Payments ETF||ETFMG Prime Mobile Payments ETF||IPAY|
|PureFunds ISE Junior Silver ETF||ETFMG Prime Junior Silver ETF||SILJ|
|PureFunds Video Game Tech ETF||ETFMG Video Game Tech ETF||GAMR|
|PureFunds Drone Economy Strategy ETF||ETFMG Drone Economy Strategy ETF||IFLY|
|PureFunds ETFx HealthTech ETF||ETFMG ETFx HealthTech ETF||IMED|
These funds were originally launched in conjunction with ISE ETF Ventures, a unit of ISE Holdings LLC. On July 1, 2016, NASDAQ, Inc. acquired ISE ETF Ventures as part of its acquisition of ISE Holdings from its parent company Deutsche Boerse AG.
Additionally, beginning August 1, 2017, the indexes for HACK, IPAY, and SILJ will be provided by Prime Indexes, which has selected Solactive AG as the index calculation agent. Information about the indexes can be found by visiting www.primeindexes.com. The resulting name changes to the indexes are:
|Former Index Name and Ticker||New Index Name and Ticker|
ISE Cyber Security Index
Prime Cyber Defense Index
ISE Mobile Payments Index
Prime Mobile Payments Index
ISE Junior Silver (Small Cap Miners/Explorers) Index
Prime Junior Silver Miners & Explorers Index
As of August 1, 2017, investors may find information on the above funds at www.etfmgfunds.com. Investors can also contact ETFMG at 1-844-383-6477.
About ETF Managers Group (ETFMG)
ETFMG is a leading Exchange Traded Funds (ETF) private label services company. ETFMG offers a full range of ETF product services to the asset management community including commodity pool ETPs as well as both active and passive ETF funds. The services provided include product operations, portfolio management, regulatory, financial and compliance management. ETF Managers Group offers active marketing and dedicated wholesale services for all ETF product types through its registered broker dealer ETFMG Financial LLC.
About Prime Indexes
Prime Indexes creates financial indexes that solve problems for both professional and self-directed investors. Our index designs focus on emerging trends in the investment industry, and our founders have participated in the creation and launch of over a hundred financial products and indexes across all major asset classes. Prime Indexes are used as the basis for innovative investment solutions for investors, and use intuitive design principles so that new investment products can ultimately provide low-cost, efficient, and convenient market access. Prime Indexes was founded by Kris Monaco and Christopher Yeagley. Mr. Monaco was formerly the head of ISE ETF Ventures and Christopher Yeagley was Managing Director and head of US Equity Structured Products at UBS AG, including its E-TRACS ETN platform.
Carefully consider the Funds' investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Funds' prospectuses, which may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmgfunds.com. Read the prospectuses carefully before investing.
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. It is not possible to invest directly in an index.
ETF Managers Group LLC is the investment adviser to the funds.
The funds are distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, “ETFMG”). ETFMG Financial LLC is not affiliated with PureFunds, ISE, NASDAQ, Deutsche Boerse AG, Solactive AG, or Prime Indexes.