SonicShares™ ETFs Launches a Global Shipping ETF (BOAT)
04 Agosto 2021 - 9:30AM
SonicShares™ announced the launch today of the SonicShares™ Global
Shipping ETF (NYSE Arca: BOAT), which seeks to track the Solactive
Global Shipping Index (the “Index”). BOAT provides investors with
pure play exposure to a portfolio of global companies engaged in
maritime shipping.
It is difficult to overstate how important shipping is to
international trade and the global economy as around 90% of the
world’s trade is carried by sea.1 Without shipping, the
bulk transport of raw materials and the import/export of food and
manufactured goods would simply be impossible.2 The
recent Suez Canal blockage and the current supply chain crisis
triggered by a shortage of shipping containers highlights the
critical role shipping plays in the manufacturing, distribution and
retail sectors. With the economy’s continued reliance on world
trade, just-in-time manufacturing and inventory management, we
believe our dependence on maritime shipping will continue and that
can be good news for shipping industry investors.
“Shipping tends to be an unseen activity for most of us, but
about 90 percent of what’s in our homes was shipped here from
overseas,” said Paul Somma, the Founder of SonicShares. “It’s one
of the many reasons why shipping is considered both the backbone
and bellwether of the global economy. BOAT allows investors to
participate in the potential growth in shipping, which also means
investing in the global economic recovery.”
BOAT’s portfolio of over 50 global maritime shipping stocks
gives investors an investment vehicle that can directly benefit
from the expected ongoing demand for global shipping services. In
addition to its potential for quarterly income, BOAT allows
investors to express a bullish view not only on the global maritime
shipping industry, but also on the anticipated recovery of the
global economy that shipping sustains.
SonicShares partnered with Tidal ETF Services to bring BOAT
to market. BOAT is SonicShares’ second ETF offering, joining the
recently launched SonicShares™ Airlines, Hotels, Cruise Lines ETF
(NYSE Arca: TRYP). TRYP, which debuted in May of this year, is
designed for investors looking to take advantage of the global
reopening and resulting travel recovery.
For more information on BOAT, please visit:
www.sonicshares.com/BOAT
About SonicShares™
SonicShares™ is rooted in over a decade of experience developing
and pioneering exchange-traded products. SonicShares™ leverages
this experience to recognize dominant, large scale trends and, in
turn, develops thematic ETFs that seek to provide exposure to
companies and sectors that will benefit from such trends. To learn
more about SonicShares™, please visit www.sonicshares.com.
Investors should consider the investment objectives,
risks, charges and expenses carefully before investing. For a
prospectus or summary prospectus with this and other information
about the Fund, click here.
Read the prospectus or summary prospectus carefully before
investing.
Fund Risks: An investment in the
Fund is subject to numerous risks including the possible loss of
principal. There can be no assurance that the Fund will achieve its
investment objective. Equity securities, such as common
stocks, are subject to market, economic and business risks that may
cause their prices to fluctuate. As with all ETFs, Fund shares may
be bought and sold in the secondary market at market prices. The
market price normally should approximate the Fund’s net asset value
per share (NAV), but the market price sometimes may be higher or
lower than the NAV. The Fund is new with a limited operating
history. There are a limited number of financial institutions
authorized to buy and sell shares directly with the Fund, and there
may be a limited number of other liquidity providers in the
marketplace. There is no assurance that Fund shares will trade at
any volume, or at all, on any stock exchange. Low trading activity
may result in shares trading at a material discount to NAV. Please
see the prospectus and summary prospectus for
a complete description of principal risks.
The Fund’s investments will be concentrated in an industry or
group of industries to the extent the Index is so concentrated. In
such event, the value of Shares may rise and fall more than the
value of shares that invest in securities of companies in a broader
range of industries. Investments in securities or other
instruments of foreign securities involve certain risks not
involved in domestic investments and may experience more rapid and
extreme changes in value than investments in securities of U.S.
companies.
Companies in the transportation industry, including companies
engaged in the water transportation industry, may be adversely
affected by economic changes, increases in fuel, operating and
insurance costs and adverse labor relations.
The fund is distributed by Foreside Fund Services, LLC.
Opinions expressed herein are subject to change and should not
be considered investment advice.
Solactive Global Shipping Index - The Index is a rules-based
index that seeks to provide exposure to a global portfolio of
companies identified as being engaged in the water transportation
industry. It is not possible to invest directly in the Index.
The “SonicShares” mark and the SonicShares logo are trademarks
of Lucania Investments LLC (the “Licensor”). The Licensor and its
affiliates are not affiliated with the Fund’s Adviser, any
Sub-Adviser, Index Provider, Trust, administrator, custodian,
transfer agent, distributor, or any of their respective affiliates.
The Licensor and its affiliates have no role in the administration
or operation of the Fund, nor do they make investment decisions,
provide investment advice, or otherwise act in the capacity of an
investment adviser to the Fund. The Fund is not sold by the
Licensor or any of its affiliates. The Licensor and its affiliates
make no representation, condition or warranty, express or implied,
to the owners of the Fund or any member of the public regarding the
advisability of investing in securities generally or in the Fund
particularly.
1 Organisation for Economic Co-operation and
Development:
https://www.oecd.org/ocean/topics/ocean-shipping/2
Maritime Industry Foundation:
https://www.maritimeinfo.org/en/Why-Maritime/Shipping-Facts
Contacts
Leann Gaines
leanng@tidaletfservices.com
847.309.5497
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