Roundhill announces SAME ETF – Nice
Roundhill Investments announced the launch of the Roundhill MEME ETF (MEME). MEME is designed to provide investors with exposure to equities even by providing investment results that closely track the performance, before fees and expenses, of the Solactive Roundhill Meme Index (âMEME Indexâ).
The MEME ETF is the first ETF explicitly designed to track the performance of meme stocks, such as GameStop. The nature of the MEME index, which focuses on stocks that are both heavily shorted and prone to increased retail sentiment – as well as the fund’s high turnover, given its bi-weekly rebalances – means that MEME may experience much higher volatility than conventional equity ETFs or funds.
The MEME Index is made up of 25 equally weighted US-listed equity securities that exhibit a combination of high social media activity and high short interests. Short interest is calculated as the percentage of the free float of a security that is currently sold short. Social media activity and data of short-term interest are provided by third-party data providers. The index is rebalanced every two weeks in an attempt to best capture trending stocks as they emerge.
Upon launch, the MEME ETF portfolio includes, among others, GameStop, AMC Entertainment, BlackBerry and Digital World Acquisition Corp.
MEME has an expense ratio of 0.69%.
For more information on the SAME ETF and a full list of holdings, please visit https://www.roundhillinvestments.com/etf/meme/.
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About Roundhill Investments:
Roundhill Investments is a registered investment advisor focused on providing innovative financial products designed to provide exposure to investment themes that appeal to the next generation of investors. To learn more about the company, visit investmentsroundhill.com.
Investors should carefully consider the investment objectives, risks, fees and expenses before investing. To obtain a prospectus or summary prospectus containing this and other information about the MEME ETF, please call 1-855-561-5728 or visit the website https://www.roundhillinvestments.com/etf/meme/. Read the prospectus and summary prospectus carefully before investing.
Investing involves risks, including possible loss of capital. Even stocks are stocks whose trading volume increases not necessarily because of a company’s performance, but because of social media attention that can result from various factors unrelated to performance, financial status or other business fundamentals. As a result, stocks even are subject to high volatility which can be the result of a panic sell. Since memes stocks are highly dependent on investor sentiment and opinion, they can be overvalued relative to company fundamentals, resulting in losses for the Fund. The Fund’s investment strategy relies heavily on social media analytics, which are relatively new and untested. âSocial mediaâ is an umbrella term that encompasses various activities that integrate technology, social interaction and content creation. Investing in businesses based on social media analytics involves a potential risk of market manipulation, as social media posts may be made with the intention of inflating or otherwise manipulating public perception. a share of a company or other investment. Investments in small and mid-capitalization companies may be more volatile and less liquid due to limited resources or product lines and more sensitive to economic factors.
The Fund’s investments will be concentrated in one industry or a group of industries, and the value of the Fund’s shares may be riskier and fall more than that of diversified funds. Certificates of deposit, including ADRs, carry risks similar to those associated with investments in foreign securities, such as changes in political or economic conditions in other countries and changes in foreign currency exchange rates and may not not provide a return that precisely matches that of the underlying stocks. The Fund may invest in equity securities of SAVS, which mobilize assets to seek potential acquisition opportunities. Unless and until an acquisition is completed, a SPAC typically invests its assets in US government securities, money market securities, and cash. Since SPACs have no history of operations or current activity other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the entity’s management to identify and make a profitable acquisition. There can be no assurance that the SPACs in which the Fund invests will make an acquisition or that any acquisition made will be profitable. As an ETF, the fund may trade at a premium or a discount to the net asset value. The shares of any ETF are bought and sold at market price (not at NAV) and are not individually redeemed by the Fund. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid / ask spreads, frequent trading in Shares can significantly reduce investment results and an investment in Shares. may not be advisable for investors who plan to make small investments on a regular basis. The Fund is a recently incorporated investment company with no previous operating history. Please see the prospectus for more details on these and other risks.
Roundhill Financial Inc. serves as an investment advisor. The Funds are distributed by Foreside Fund Services, LLC, which is not affiliated with Roundhill Financial Inc., US Bank or any of the companies or persons mentioned in this document.
SOURCE Roundhill Investments
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