NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced the launch of the InsightShares Patriotic Employers ETF, the second exchange traded fund ("ETF") issued under the "InsightShares" brand. This ETF offers the opportunity to invest in a socially conscious strategy, focusing on the employment of U.S. military veterans.
"We believe this is an innovative way for investors to express their support for the veteran community," said Richard Cea, Executive Director of Exchange Traded Products at UBS. "This ETF provides investors with exposure to companies that recognize the value of our nation's veterans to the workforce."
A portion of the revenues generated by this ETF will be donated to veterans-related charities through the UBS Optimus Foundation.
InsightShares Patriotic Employers ETF (Ticker: HONR)
Created and offered by Exchange Traded Concepts, HONR is designed to track the performance of the Military Veterans IndexTM (USVETSTR). The Military Veterans IndexTM is provided by UBS AG and is designed to track the price movements of U.S. companies with policies, practices, and outcomes that support the employment of U.S. veterans, as determined by Victory Media's Military Friendly® Employer ratings*. For inclusion in the index, companies must meet minimum thresholds for liquidity and profitability, as well as be deemed Military Friendly®.
*Military Friendly® Employer ratings are owned and operated by a veteran-owned business and are not affiliated with or endorsed by the Department of Defense or any federal agency.
For more information, please visit www.insightshares.com.
UBS provides financial advice and solutions to wealthy, institutional and corporate clients worldwide, as well as private clients in Switzerland. The operational structure of the Group is comprised of our Corporate Center and five business divisions: Wealth Management, Wealth Management Americas, Personal & Corporate Banking, Asset Management and the Investment Bank. UBS's strategy builds on the strengths of all of its businesses and focuses its efforts on areas in which it excels, while seeking to capitalize on the compelling growth prospects in the businesses and regions in which it operates, in order to generate attractive and sustainable returns for its shareholders. All of its businesses are capital-efficient and benefit from a strong competitive position in their targeted markets.
UBS is present in all major financial centers worldwide. It has offices in 52 countries, with about 34% of its employees working in the Americas, 34% in Switzerland, 18% in the rest of Europe, the Middle East and Africa and 14% in Asia Pacific. UBS Group AG employs approximately 61,000 people around the world. Its shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE).
UBS Investment Bank
The Investment Bank provides corporate, institutional and wealth management clients with expert advice, innovative solutions, execution and comprehensive access to international capital markets. It offers advisory services and provides in-depth cross-asset research, along with access to equities, foreign exchange, precious metals and selected rates and credit markets, through its business units, Corporate Client Solutions and Investor Client Services. The Investment Bank is an active participant in capital markets flow activities, including sales, trading and market-making across a range of securities.
Carefully consider the InsightShares Patriotic Employers Exchange Traded Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting www.insightshares.com. Investors should read it carefully before investing or sending money.
Investing involves risk, including possible loss of principal. The Fund’s return may not match or achieve a high degree of correlation with the return of the Index. To the extent the Fund’s investments are concentrated in or have significant exposure to a particular issuer, industry or group of industries, or asset class, the Fund may be more vulnerable to adverse events affecting such issuer, industry or group of industries, or asset class than if the Fund’s investments were more broadly diversified. Small and mid-capitalization companies may be more vulnerable to adverse business or economic events than larger, more established companies. Issuer-specific events, including changes in the financial condition of an issuer, can have a negative impact on the value of the Fund. The Fund is not actively managed and therefore the Fund would not sell shares of an equity security unless that security is removed from the Index or the selling of shares is otherwise required upon a rebalancing of the Index. Diversification may not protect against market risk. Holdings are subject to change.
Shares are bought and sold at market price not net asset value (NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC ("ETC") serves as the investment advisor, and Vident Investment Advisory, LLC ("VIA") serves as the sub-advisor to the Fund. The Fund is distributed by Foreside Fund Services, LLC, which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
VIA is registered as an investment adviser with the Securities and Exchange Commission (SEC) and only conducts business in states where it is properly registered or is excluded from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability.
The Military Veterans Index (the "Index") is an index developed by UBS AG (together with its subsidiaries and affiliates, "UBS") based in part on a company scoring methodology and resulting data obtained and used under license from Victory Media.
The marks “UBS,” “InsightShares” and associated logos are trademarks of UBS and have been licensed to ETC for use in connection with the Fund. The UBS mark and logo are registered in the United States and other countries. The Index is owned by UBS and has been licensed to ETC for use in connection with the Fund. UBS owns or otherwise has the rights to license all intellectual property and other property rights to the Index, which are being used by ETC under license from UBS.
The Index and other information disseminated concerning the Index are for informational purposes only, are provided on an “as is” basis, and are not intended for trading purposes. The Index is not an investment product. Neither ETC nor the Fund is operated by UBS or Solactive AG ("Solactive"), the calculation agent for the Index. Neither UBS nor Solactive sponsors the Fund or makes any representation or gives any warranty, express or implied, regarding the advisability or possible benefits of purchasing the Fund or any other financial product. Clients should undertake their own due diligence and seek appropriate professional advice before purchasing any financial product, including the Fund.
Neither UBS nor Solactive or their respective licensors makes any warranty, express or implied, as to, without limitation, (i) the correctness, accuracy, reliability or other characteristics of the Index, (ii) the results to be obtained by any person or entity from the use of the Index for any purpose, or (iii) relating to the use of the Index and other information covered by the Fund, including, but not limited to, express or implied warranties of merchantability, fitness for a particular purpose or use, title or non-infringement. Neither UBS nor Solactive warrants that the Index will be uninterrupted and they are not under any obligation to continue compiling, calculating, maintaining or sponsoring the Index.
The Index (including the concept, methodology, formulas and algorithms therefor) has been designed and is compiled, calculated, maintained and sponsored without regard to any financial products that reference the Index (including the Fund), any licensee, sub-licensor or sub-licensee of the Index, any client or any other person. UBS may independently issue and/or sponsor other indices and products that are similar to and/or may compete with the Index and the Fund. UBS may also transact in assets referenced in the Index (or in financial instruments such as derivatives that reference those assets), including those which could have a positive or negative effect on the value of the Index and the Fund.
Neither UBS nor Solactive shall bear any responsibility or liability, whether for negligence or otherwise, with respect to (i) any inaccuracies, omissions, mistakes or errors in the concept, methodology, formulas or algorithms for, or computation of, the Index (and shall not be obligated to advise any person of and/or to correct any such inaccuracies, omissions, mistakes or errors), (ii) the use of and/or reference to the Index by UBS or any other person in connection with any financial product or otherwise, or (iii) any economic or other loss which may be directly or indirectly sustained by any customer, client or other person dealing with any such financial product or otherwise. Any customer, client or other person dealing with such financial products does so, therefore, in full knowledge of this disclaimer and can place no reliance whatsoever on UBS nor bring claims, actions or legal proceedings in any manner whatsoever against it.
Military Veterans Index™ and Military Friendly® are trademarks of Victory Media, Inc.
VICTORY MEDIA, INC. DOES NOT GUARANTEE THE ACCURACY AND/OR COMPLETENESS OF THE INDEX, THE INDEX METHODOLOGY, ANY DATA INCLUDED THEREIN, OR ANY DATA FROM WHICH IT IS BASED, AND VICTORY MEDIA, INC. SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS THEREIN. VICTORY MEDIA, INC. MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE OBTAINED FROM THE USE OF THE INDEX. VICTORY MEDIA, INC. MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL VICTORY MEDIA, INC. HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES.
VICTORY MEDIA, INC. DOES NOT SPONSOR, ENDORSE, SELL, OR PROMOTE THE ETF. A DECISION TO INVEST IN THE ETF SHOULD NOT BE MADE IN RELIANCE ON ANY OF THE STATEMENTS SET FORTH IN THIS DOCUMENT. PROSPECTIVE INVESTORS ARE ADVISED TO MAKE AN INVESTMENT IN THE ETF ONLY AFTER CAREFULLY CONSIDERING THE RISKS ASSOCIATED WITH INVESTING IN THE ETF, AS DETAILED IN THE PROSPECTUS THAT IS PREPARED BY OR ON BEHALF OF ETC, THE ISSUER OF THE ETF. VICTORY MEDIA, INC. HAS LICENSED CERTAIN MARKS AND OTHER DATA TO UBS AND ITS AFFILIATES FOR USE IN THE INDEX AND IN CONNECTION WITH THE ETF AND THE BRANDING OF THE INDEX AND THE ETF, BUT IS NOT INVOLVED IN THE CALCULATION OF THE INDEX OR THE ETF, THE CONSTRUCTION OF THE INDEX’S OR THE ETF’S METHODOLOGY OR THE CREATION, SALE OR OFFERING OF THE ETF, AND MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE INDEX OR THE ETF.
UBS specifically prohibits the redistribution or reproduction of this material in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect.
© UBS 2017. The key symbol, UBS and InsightShares are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved.