TMCnet News
Innovation Shares NextGen Vehicles & Technology ETF (EKAR) To Begin Trading On February 13thNEW YORK, Feb. 12, 2018 /PRNewswire/ -- Innovation Shares LLC, a sponsor of unique thematic Exchange Traded Funds, announced today that it anticipates that the Innovation Shares NextGen Vehicles & Technology ETF (EKAR) will begin trading on the NYSE Arca on Tuesday, February 13th. EKAR's underlying index was constructed utilizing a natural language processing algorithm that screens for global stocks that have exposure to the theme of electric and self-driving/autonomous vehicles. By harnessing the potential of textual analysis and artificial intelligence to drive a sentiment-based selection approach, stocks are identified that might otherwise be overlooked by traditional analytical research. The same AI driven patent-pending indexing approach also underpins the Innovation Shares NextGen Protocol ETF (KOIN), which provides exposure to companies poised to benefit from blockchain technology. Exchange Traded Concepts will serve as the advisor for EKAR and serves as the advisor for KOIN. About Innovation Shares LLC About Exchange Traded Concepts Carefully consider the Fund's investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund's prospectus, which may be obtained by visiting innovationshares.com. Investors should read it carefully before investing or sending money. Investing involves risk, including possible loss of principal. ETF Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemed from the Fund. Exchange Traded Concepts, LLC serves as the investment advisor, and Penserra Capital Management LLC serves as the sub-advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.
View original content:http://www.prnewswire.com/news-releases/innovation-shares-nextgen-vehicles--technology-etf-ekar-to-begin-trading-on-february-13th-300597273.html SOURCE Innovation Shares LLC |