Guinness Atkinson Asset Management Announces First Two Mutual Funds Converted to ETFs are Now Trading on NYSE
29 Março 2021 - 11:41AM
Guinness Atkinson Asset Management today announced that two of its
mutual funds have now officially begun trading as Exchange Traded
Funds (ETFs) under the firm’s SmartETFs brand.
The mutual funds converted were the Guinness Atkinson Dividend
Builder Fund (Nasdaq: GAINX) and the Guinness Atkinson Asia Pacific
Dividend Builder Fund (Nasdaq: GAADX). In a non-taxable event for
the mutual funds’ shareholders, the shares of the two mutual funds
now trade as shares of the SmartETFs Dividend Builder (NYSE Arca:
DIVS) and SmartETFs Asia Pacific Dividend Builder (NYSE Arca:
ADIV), respectively.
The information statement about the conversion is available at
this link. Guinness Atkinson previously announced more details of
the transactions--believed to be the first of their kind in the
U.S. asset management industry.
"I’m extremely proud of our team at Guinness Atkinson, as well
as our partner advisors, and above all, pleased for our
shareholders who we believe will be better served in the current
strategies through an ETF vehicle,” said Jim Atkinson, CEO of
Guinness Atkinson Asset Management. “Seeing the strategies now
officially trade as ETFs only gives me more confidence that we will
continue to be able to offer groundbreaking, innovative solutions
to both Guinness Atkinson Asset Management and SmartETFs
shareholders in the future.”
Guinness Atkinson launched SmartETFs Smart Transportation &
Technology ETF (NYSE Arca: MOTO), SmartETFs Sustainable Energy II
ETF (BATS: SULR) and SmartETFs Advertising & Marketing
Technology ETF (NYSE Arca: MRAD) as part of its SmartETFs family of
funds.
The SmartETFs Dividend Builder ETF (NYSE Arca: DIVS) is an
actively managed dividend growth strategy that seeks
dividend-paying companies that have provided an inflation-adjusted
cash flow return on investment of at least 10% in each of the last
10 years. The ETF invests in approximately 35 dividend paying
companies globally. The strategy continues to be managed by Dr. Ian
Mortimer and Matthew Page.
The SmartETFs Asia Pacific Dividend Builder ETF (NYSE Arca:
ADIV) is an actively managed dividend strategy focused on investing
in dividend-producing stocks of mature companies in the Asia
Pacific region. The strategy continues to be managed by Edmund
Harriss.
About Guinness Atkinson FundsGuinness Atkinson
Funds are designed to help investors capitalize on the profound
rate of innovation and change that characterize the 21st century,
including long term global trends such as the traditional and
alternative energy sources that fuel economic development, the
development of emerging Asian markets, and the continually
transforming corporate landscape.
About SmartETFsSmartETFs are managed by
Guinness Atkinson Asset Management. Guinness Atkinson was formed in
2002 and began managing the Guinness Atkinson Funds in 2003. The
key executives of Guinness Atkinson previously worked together at
predecessor companies and the oldest of our eight mutual funds was
launched in 1994.
Our portfolio management team is located in London, England. Our
US headquarters are in Pasadena, California.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus, please visit www.SmartETFs.com for the
SmartETFs or www.gafunds.com for the Guinness Atkinson mutual funds
or call (866) 307-5990. Read the prospectus carefully before
investing.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Brokerage commissions
will reduce returns.
Investing involves risk including the loss of principal. The
Funds invest in foreign securities and emerging markets which
involve greater volatility and political, economic and currency
risks and differences in accounting methods. There are no
guarantees that a dividend-paying company will continue to pay or
increase its dividend.
The mutual funds and ETFs are distributed by Foreside Fund
Services, LLC.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20210302005875/en/
Contacts
Victoria Odinotska+1 703 685 9232victoria@kanterpr.com
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