NEW YORK, Feb. 6, 2018 /PRNewswire/ -- Exchange
Traded Concepts, LLC announces REX VolMAXX™ Short VIX Weekly
Futures Strategy ETF (Ticker: VMIN) is expected to resume trading
today. VMIN was halted pending news regarding its
holdings.
Disclosures
Carefully consider the Funds' investment objectives, risk
factors, charges and expenses before investing. This and additional
information can be found in the Funds' prospectus, which may be
obtained by calling 1-844-REX-1414. Read the prospectus carefully
before investing.
The Funds should be utilized only by investors who (a)
understand the risks associated with seeking short term investment
exposure, (b) are willing to assume a high degree of risk, (c)
understand the risks of shorting and (d) intend to actively monitor
and manage their investments in the Funds.
Investing involves risk, including the possible loss of
principal. These Funds are actively managed and there are no
guarantees investments selected and strategies employed will
achieve the intended results. Active management may also increase
transaction costs. The Funds expect to invest primarily in VIX
futures contracts, which are considered commodities. VMAX and
VMIN are not benchmarked to the VIX Index, which is calculated
based on the prices of put and call options on the S&P 500®
Index. As such, both Funds can be expected to perform very
differently from the VIX Index. Although VMIN seeks to
provide "short" exposure, the Fund does not promise or seek to
provide any specific negative multiple of the performance of the
VIX Index or VIX Futures Contracts over any specified period of
time.
The use of derivatives, such as futures contracts, swap
agreements and options, presents risks different from, and possibly
greater than, the risks associated with investing directly in
traditional securities. Changes in the value of a derivative
may not correlate perfectly with the underlying security, asset,
rate or index. Gains or losses in a derivative may be magnified and
may be much greater than the derivative's original cost. The
derivatives may not always be liquid. This could have a negative
effect on the Funds' ability to achieve its investment objective
and may result in losses.
The Funds will invest in exchange-traded notes and
exchange-traded funds, and will be subject to the risks associated
with such vehicles. The Funds' performance will be directly related
to the performance of those investments.
The return for investors that invest in VMIN for periods other
than a full trading day will differ from the VMIN's stated daily
inverse investment objective. During periods of high volatility,
the VMIN may not perform as expected and may have losses when an
investor may have expected gains if the VMIN is held for a period
that is different than one trading day.
Shares are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns. VolMAXX NAVs are calculated using prices as of
4:00 PM Eastern Time. The closing
price is the Mid-Point between the Bid and Ask price as of the
close of exchange.
The Funds are non-diversified. Indexes are unmanaged and
one cannot invest directly in an index.
Exchange Traded Concepts, LLC serves as the investment advisor
and Vident Financial serves as sub advisor to the fund. The Funds
are distributed by SEI Investments Distribution Co. (One Freedom
Valley Dr., Oaks, PA 19456), which
is not affiliated with Exchange Traded Concepts, LLC or any of its
affiliates.
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SOURCE Exchange Traded Concepts, LLC