Amplify ETFs Announces Strategic Partnership with Samsung Asset Management
31 Março 2022 - 7:00PM
Amplify Holding Company LLC (“Amplify”), a Wheaton, IL-based ETF
sponsor, today announced that Samsung Asset Management (“Samsung
AM”) has made a minority investment in Amplify.
Completion of this transaction represents that
Samsung AM, the leading asset manager in Korea, has acquired a 20%
equity stake in Amplify through its US-based SPV, ‘Samsung Asset
Management U.S. Holdings, Inc.’ With this transaction, Amplify and
Samsung AM form a strategic business alliance in the ETF space.
Samsung AM obtains exclusivity to provide Amplify products in Asia.
In addition, both companies will jointly develop new products and
marketing strategies.Christian Magoon, Amplify CEO and Founder,
commented: “We are pleased to begin a strategic business
partnership with Samsung Asset Management, a globally-recognized
asset manager, giving us exposure to the growing Asian ETF
marketplace. Additionally, Amplify will receive significant funding
and organizational support from Samsung to accelerate the growth of
our business.”
Phillip Suh, CEO of Samsung AM, added: “We
expect to be able to offer more innovative investment solutions in
Korea as well as in the Asian region through close collaboration
with Amplify. Consequently, Samsung builds a strong foundation for
growth as a premier global asset manager.”
Oppenheimer & Co. Inc. acted as exclusive
financial advisor to Amplify Holding Company LLC on this
transaction.
About Amplify ETFsAmplify ETFs,
sponsored by Amplify Investments, has over $4.4 billion in assets
across its suite of ETFs (as of 12/31/2021). Amplify believes the
ETF structure empowers investors through efficiency, transparency
and flexibility. Amplify ETFs deliver expanded investment
opportunities for investors seeking growth, income, and
risk-managed strategies.
About Samsung Asset
ManagementSamsung Asset Management is the largest asset
manager in Korea, with USD 258 billion in AUM (as of 12/31/2021).
With more than 300 investment professionals, the firm offers a full
spectrum of investment strategies, across diverse asset classes
ranging from equity, fixed income, alternative investments and
multi-asset solutions via mutual funds, ETFs, and SMAs. Samsung AM
currently has a global presence, with offices in Hong Kong, New
York, and London.
Media Contact:Gregory FCA for Amplify ETFsKerry
Davis610-228-2098amplifyetfs@gregoryfca.com
Carefully consider the Funds’ investment
objectives, risk factors, charges and expenses before investing.
This and additional information can be found in the Funds’
statutory and summary prospectuses, which may be obtained by
calling 855-267-3837 or by visiting AmplifyETFs.com. Read the
prospectus 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.
Amplify ETFs are distributed by Foreside Fund
Services, LLC.
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