Threshold surpassed as investors seek solutions for managing market uncertainty
NEW YORK , Sept. 10, 2020 (GLOBE NEWSWIRE) -- GraniteShares, a disruptive exchange-traded fund (ETF) company, has surpassed $1.5 billion in assets under management (AUM) amid continued market volatility.
This pivotal milestone comes just over three months after the firm crossed $1 billion AUM, fueled by the surge in assets to its flagship low-cost physical gold ETF (BAR) — now hovering at $1.3 billion AUM. GraniteShares has also seen strong growth in its smart beta equity ETF (XOUT), which seeks to eliminate companies that may be vulnerable to technological disruption. XOUT benefited from the trend of investors seeking alternatives to traditional passive equity indexes.
“Since we opened our doors, our dedication to providing investors with innovative, cost-effective investment solutions has persisted,” said Will Rhind, Founder and CEO of GraniteShares. “As we navigate this era of uncertainty and heightened market volatility, we are glad to offer a suite of ETF strategies that seek to add value to investors’ portfolios.”
GraniteShares’ robust ETF suite provides investment strategies focused on the firm’s three core pillars of commodities, income and disruptive core equity. Products include: The GraniteShares Gold Trust (BAR); The GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB); The GraniteShares Platinum Trust (PLTM); The GraniteShares HIPS U.S. High Income ETF (HIPS); and The GraniteShares XOUT U.S. Large Cap ETF (XOUT).
Additionally, GraniteShares’ U.K. platform offers more than 40 3x leveraged single-stock exchange-traded products (ETPs), long and short, an exciting new category for the ETF industry. This offering now includes the only 3x leveraged Tesla products in the world, the GraniteShares 3x Long Tesla Daily ETP (3LTS) and the GraniteShares 3x Short Tesla Daily ETP (3STS).
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 20 years of experience in the industry.
Media contact:
Gregory FCA for GraniteShares
Kathleen Elicker, 484-889-6597
graniteshares@gregoryfca.com
Important Information and Risks
Investing involves risks, including possible loss of principal, which are more fully described in a fund’s prospectus. There can be no assurance that a fund will achieve its investment objective.
BAR & PLTM
The GraniteShares Gold Trust (BAR) and the GraniteShares Platinum Trust (PLTM), collectively “the Trusts”, must be preceded or accompanied by a prospectus. Please read the prospectus carefully before investing. To obtain a prospectus visit the links:
https://www.graniteshares.com/media/2rccbz12/prospectus-graniteshares-gold-trust.pdf
https://www.graniteshares.com/media/gwrbh3ah/pltm-prospectus-20191029.pdf
The Sponsor of the Trusts is GraniteShares LLC. Foreside Fund Services, LLC (“Foreside”), provides marketing services to the Trusts. GraniteShares is not affiliated with Foreside.
COMB, HIPS & XOUT
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 GraniteShares ETFs, please call (844) 476 8747 or visit the website at www.graniteshares.com. Read the prospectus or summary prospectus carefully before investing.
HIPS, COMB, and XOUT funds are distributed by Foreside.
Single-Stock ETPs
An investment in a GraniteShares short and leveraged ETP may not be suitable for all investors. They are intended for investors who wish to take a very short term view on the underlying asset and are not intended as buy and hold investments.
Foreside does not distribute or offer shares of any fund in the GraniteShares U.K. Exchange Traded Product platform.