Armada ETF Advisors, LLC (Armada), in partnership with Tidal
Financial Group (Tidal), announces the launch of their second ETF,
the Private Real Estate Strategy via Liquid REITs ETF (Nasdaq:
PRVT). The ETF is actively managed and will invest in a diversified
portfolio of publicly-traded real estate investment trusts (REITs)
and mortgage-backed securities that correspond with the fundamental
characteristics of a select group of industry-leading non-traded
REIT funds. The fund will invest in the same Real Estate
sub-sectors, geographies, and fundamental characteristics as the
leading private REIT funds.
"The leading Private REITs have done a phenomenal job at
allocating capital, and we want investors to be able to access
their allocation expertise,” said Armada CEO Phil Bak. “By offering
the strategy in an open-ended ETF that invests in publicly traded
REITs investors can access the same ideas through a fund vehicle
that is more cost efficient, is being valued at mark-to-market
levels, and has daily liquidity - without the ability to gate
investors."
“At Tidal our platform supports innovative ETF issuers, and we
are excited to facilitate the launch of this unique ETF with
Armada. Liquidity and transparency are key aspects of the ETF
structure and PRVT seeks to embrace those attributes,” said Mike
Venuto, Co-Founder & CIO of Tidal.
Armada recently announced plans to merge companies with Arialgo,
Ltd, a REIT-specialized Machine Learning data analytics company,
and is pioneering the use of AI in REIT portfolio management.
Armada also manages the Residential REIT ETF (HAUS), launched in
February of 2022. HAUS, also actively managed, invests in publicly
traded REITs that derive their revenue from ownership and/or
management of residential properties.
To learn more about PRVT or HAUS, visit www.armadaetfs.com.
About Armada ETF Advisors, LLCArmada ETF
Advisors is a REIT-specialized asset manager dedicated to providing
modern differentiated products to REIT investors. Armada offers
exchange-traded funds (ETFs) and separately managed accounts (SMAs)
to investors, through products that utilize their proprietary
analysis and insights into the real estate market and economic
trends. To learn more about Armada, visit www.armadaetfs.com.
About Tidal Financial Group
Formed by ETF industry pioneers and thought leaders, Tidal
Financial Group sets out to revolutionize the way ETFs have
historically been developed, launched, marketed, and sold. With a
focus on growing AUM, Tidal offers a comprehensive suite of
services, proprietary tools, and methodologies designed to bring
lasting ideas to market. Tidal is an advocate for ETF innovation.
The firm is on a mission to provide issuers with the intelligence
and tools needed to efficiently and to effectively launch ETFs and
to optimize growth potential in a highly competitive space. For
more information,
visit https://www.tidalfinancialgroup.com/.
Important Information
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, please call (800)
693-8288 or
visit www.armadaetfs.com/prvt.
Investments involve risk. Principal loss is possible. Unlike
mutual funds, ETFs may trade at a premium or discount to their net
asset value. Brokerage commissions may apply and would reduce
returns. The fund is new and has limited operating history to
judge.
Fund Risks: The Fund is classified as a
non-diversified investment company. The Fund may invest a greater
portion of its assets in the securities of a single issuer or a
smaller number of issuers than if it was a diversified fund. To the
extent that the Fund invests in other funds, a shareholder will
bear two layers of asset-based expenses, which could reduce returns
compared to a direct investment in the underlying funds.
Through the funds’ investments in REITs, the Fund is subject to
the risks of investing in the real estate market, including
decreases in property revenues, increases in interest rates,
increases in property taxes and operating expenses, legal and
regulatory changes, a lack of credit or capital, defaults by
borrowers or tenants, environmental problems, and natural
disasters. The Fund may invest in derivatives, which are often more
volatile than other investments and may magnify the Fund’s gains or
losses.
Dividends are not guaranteed, and the dividend yield may
fluctuate.
The Fund may invest in debt securities which are subject to the
risks of an issuer’s inability to meet its obligations under the
security; failure of an issuer or borrower to pay principal and
interest when due; and interest rate changes affect the prices of
fixed income securities. In addition, an increase in prevailing
interest rates typically causes the value of existing fixed income
securities to fall and often has a greater impact on longer
duration and/or higher quality fixed income securities.
The Fund invests in mortgage-backed securities (MBS), which are
subject to the risks generally associated with fixed-income
securities and mortgage-backed securities. Delinquencies and
defaults by borrowers in payments on the underlying mortgages, and
the related losses, are affected by general economic conditions,
the borrower's equity in the mortgaged property, and the borrower's
financial circumstances. In addition, an increase in prevailing
interest rates typically causes the value of existing fixed income
securities to fall and often has a greater impact on longer
duration and/or higher quality fixed income securities.
Unlike typical exchange-traded funds, there are no indexes that
the Funds attempt to track or replicate. Thus, the ability of the
Funds to achieve its objectives will depend on the effectiveness of
the portfolio manager. In general, ETFs can be tax efficient. ETFs
are subject to capital gains tax and taxation of dividend income.
However, ETFs are structured in such a manner that taxes are
generally minimized for the holder of the ETF. An ETF manager
accommodates investment inflows and outflows by creating or
redeeming “creation units,” which are baskets of assets. As a
result, the investor usually is not exposed to capital gains on any
individual security in the underlying portfolio. However, capital
gains tax may be incurred by the investor after the ETF is
sold.
The Fund is recently organized, giving prospective investors a
limited track record on which to base their investment
decision.
Launch & Structure Partner: Tidal Financial Group
Distributed by Foreside Fund Services, LLC. Foreside, Tidal and
Armada are not affiliated.
Media Contact:
Phil Bak
pbak@armadaetf.com
(646) 400-1750
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