NEW YORK, April 03, 2020 (GLOBE NEWSWIRE) -- GraniteShares, a disruptive exchange-traded fund (ETF) company, won the Best New Smart Beta ETF award for the GraniteShares XOUT U.S. Large Cap ETF (NYSE Arca: XOUT) as part of the 2019 ETF.com Awards.
This distinguished accolade recognizes the “most important” smart beta or factor ETF brought to market in 2019 that uses a quantitative, research-driven approach to attempt to deliver superior long-term risk-adjusted returns.
XOUT was launched on Oct. 7, 2019 in collaboration with XOUT Capital™ LLC (XOUT Capital) and aims to eliminate U.S. large cap companies most likely to suffer from disruption over the long term. Rather than trying to pick a select few winners, the ETF flips the investment paradigm by seeking to avoid losers that are failing to adapt amid today’s environment of unprecedented technological change.
“This recognition from ETF.com is a testament to our steadfast dedication to bringing disruptive and novel investment strategies to market,” said Will Rhind, Founder and CEO of GraniteShares. “As a one-of-a-kind ETF, XOUT truly embodies GraniteShares’ mission of challenging conventional thinking to deliver potentially better outcomes for investors.”
The annual ETF.com Awards are designed to recognize the people, companies and products driving the ETF industry forward and delivering new value to investors. XOUT was selected among five finalists in this category by a majority vote from the ETF.com Awards Selection Committee, a group of independent ETF experts spanning various roles in the industry.
From Oct. 7, 2019 to March 31, 2020, the XOUT Index has outperformed the market* by 5.1%, and the fund has gathered more than $18 million in assets under management. The ETF is part of GraniteShares’ expanding product suite with over $840 million in assets under management, including one of the lowest-cost physical gold ETFs (BAR), a broad-based commodity ETF (COMB), the lowest-cost** physical platinum ETF (PLTM) and a high alternative income-focused fund that invests in pass-through securities (HIPS).
For more information on GraniteShares, please visit www.graniteshares.com.
About GraniteShares
Headquartered in New York City, GraniteShares is an independent and fully funded exchange-traded fund (ETF) company that seeks to launch disruptive ETFs. GraniteShares' focus is on products that bring the excitement back to investing, using new ideas, innovative structures and low cost. Will Rhind, Founder and CEO, is an established ETF entrepreneur with more than 19 years of experience in the industry.
About XOUT Capital™ LLC
XOUT Capital™ LLC (“XOUT”) is an index company specializing in identifying which companies not to own or “XOUT” in an index. XOUT’s first index, the XOUT U.S. Large Cap Index (ticker: XOUTTR), evaluates the 500 largest U.S. companies and determines how each company is addressing the challenges of technological disruption. While most investors focus on the disruptors, XOUT focuses on eliminating the disruptees.
Media contact:
Gregory FCA for GraniteShares
Jill Fritz, 215-240-6398
graniteshares@gregoryfca.com
IMPORTANT INFORMATION
This material must be preceded or accompanied by a prospectus. Please click link for a prospectus for XOUT and our other ETF products: https://www.graniteshares.com/etfs
Carefully consider the Fund’s investment objectives risk factors, charges and expenses before investing. Please read the prospectus before investing. Investing involves risk; Principal loss is possible.
XOUT is passively-managed and attempts to mirror the composition and performance of the Index. The Fund’s returns may diverge from that of the Index due to costs and expenses incurred by the Fund or holdings may deviate from a precise correlation with the Index. The Index uses proprietary methodology to exclude certain securities and there can be no assurance this will result in positive performance. The Fund may concentrate its investments to the same extent as the index and may be exposed to the risk of loss from adverse developments facing those industries. One cannot directly invest in an index. Past performance is no guarantee of future results.
Foreside Fund Services, LLC is the distributor of the ETFs and provides marketing services for BAR and PTLM, and is not affiliated with GraniteShares or any of its affiliates.
*In reference to S&P 500 Index.
**Source: ETF.com, March. Trust cost as of most recent prospectus dated April 2, 2019.