NEW YORK, July 11, 2018 /PRNewswire/ -- Exchange
Traded Concepts, LLC (ETC), a leader in providing white label
Exchange Traded Fund (ETF) solutions, in conjunction with Eve
Capital, today announced that the index and name changes for The
WEAR ETF have been completed. WEAR is now the Tactile Analytics
AR/VR Virtual Technologies Fund and tracks the EQM Tactile AR/VR
Virtual Technology Index. More information on ARVR can be found at
the fund's new website: https://arvretf.com
"We are excited to offer such a unique and innovative product,"
said J. Garrett Stevens, CEO of
Exchange Traded Concepts. "ARVR allows investors to participate in
the dynamic and growing market of augmented and virtual reality
technologies."
The Tactile Analytics AR/VR Virtual Technologies Fund ("the
Fund") is the first exchange traded product that provides investors
with direct exposure to companies that are expected to benefit from
the emergence of augmented and virtual reality (AR/VR)
technologies. Tactile Analytics, which provides industry research
support to EQM Indexes, believes that advancements in AR/VR
technologies may transform how humans interact with machines. This
represents a growth opportunity that has the potential to affect
nearly every modern industry.
"We are excited that investors now have the opportunity to
invest in the first ETF focused on the AR/VR space," said
Bryce Tillery, Managing Partner of
Eve Capital, financial sponsor of the product. "While we still
believe that wearable technologies represent a compelling
investment thesis, we wanted to narrow our focus and develop a
specialized product that leverages the most exciting advancements
in the field. This ETF is now focused on a single component
of wearables technology, augmented and virtual reality technology,
and we encourage investors to learn more about the potential
impacts of this rapidly growing industry."
The name and index changes did not disrupt the normal operation
of the fund. Fees for the fund are unchanged and the advisor will
continue to be Exchange Traded Concepts. The fund will continue to
be sponsored by Dallas,
Texas-based, EVE Capital and, as with WEAR, the fund's index
provider is EQM Indexes LLC. EQM Indexes is a San Diego-based index provider focused on
building indexes that provide innovative, transparent exposure to
select thematic opportunities.
ARVR will seek to track the EQM Tactile Analytics AR/VR Index
and ARVR will normally invest at least 80% of its total assets in
securities of the Index. The Index is designed to measure the
performance of companies listed on public stock exchanges globally
that are expected to benefit from the increased adoption of
augmented reality and virtual reality (AR/VR) technologies.
Companies included in the index can be found along the entire AR/VR
supply chain. This includes, but is not limited to, companies that
manufacture electronic components used to construct AR/VR hardware,
companies that develop the software that utilize the hardware,
companies that develop content for use on AR/VR hardware, and
companies that manage content distribution platforms or deploy
AR/VR hardware/software as part of a customer solution or offering.
For more information about the index please visit
eqmindexes.com
To learn more about the AR/VR industry, please visit Tactile
Analytics' website: https://tactile-arvr.com
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 www.ARVRETF.com. Read
the prospectus carefully before
investing.
Investing involves risk, including possible loss of principal.
Investments in foreign securities may involve risks such as social
and political instability, market illiquidity, exchange-rate
fluctuations, a high level of volatility and limited regulation.
Investing in emerging markets involves different and greater risks,
as these countries are substantially smaller, less liquid and more
volatile than securities markets in more developed markets. The
Fund may invest a relatively large percentage of its assets in
securities denominated in non-U.S. currencies, the values of which
may be affected by changes in the currency rates or exchange
control regulations.
Information technology companies may be smaller and less
experienced companies, with limited product lines, markets or
financial resources and fewer experienced management or marketing
personnel. Information technology company stocks, especially those
which are Internet related, have experienced extreme price and
volume fluctuations that are often unrelated to their operating
performance. The Fund is non-diversified which means it may be
invested in a limited number of issuers and susceptible to any
economic, political and regulatory events than a more diversified
fund. Diversification may not protect against market risk.
Exchange Traded Concepts, LLC serves as the investment advisor,
and Vident Investment Advisory LLC serves as the sub-advisor to the
fund. The Fund is distributed by Foreside Fund Services, LLC, which
is not affiliated with Exchange Traded Concepts, LLC or any of its
affiliates.
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SOURCE Exchange Traded Concepts, LLC