Vident Financial’s U.S. Diversified Real Estate ETF (PPTY) Shortlisted for the 2019 Mutual Fund Industry & ETF Awards
Vident Financial, LLC is celebrating the announcement that the firms U.S. Diversified Real Estate Fund (NYSE Arca: PPTY) has been shortlisted for the 2019 Mutual Fund Industry & ETF Awards .
Vident Financial, LLC is celebrating the announcement that the firm’s U.S.
Diversified Real Estate Fund (NYSE Arca: PPTY) has been shortlisted
for the 2019
Mutual Fund Industry & ETF Awards.
The fund has been named a finalist in the “New ETF of the Year” and “ETF
Innovation” categories. The Mutual Fund Industry & ETF Awards honor
leading fund management firms for their achievements in performance and
contributions to the industry.
“We are very excited that PPTY has been selected as a finalist in these
highly prominent categories. PPTY is the first real estate ETF to come
to market that focuses on the fundamentals that matter most to real
estate investors, namely location, property type, leverage, and
governance," said Vince Birley, CEO of Vident Financial. “PPTY is an
outstanding alternative to traditional market cap weighted funds.”
PPTY’s portfolio is constructed based on the actual properties owned by
each company in its investment universe (i.e. US REITs). This distinct
strategy allows PPTY to build a portfolio of REITs that delivers the
consistent property type and geographic diversification that real estate
investors typically seek. Leverage and governance criteria are further
included to reduce exposure to high risk companies.
PPTY is part of Vident’s family of ETFs, which also includes the Vident
FLAG-Forensic Accounting Long-Short ETF (FLAG), the Vident
Core International Equity Fund (VIDI), Vident
Core US. Equity Fund (VUSE), and the Vident
Core U.S. Bond Strategy (VBND). As of March 12, 2019, Vident’s ETF
family had a total of approximately $1.68 billion in assets under
management (AUM).
About Vident Financial
Vident Financial develops investment market solutions (indices and
funds) based on a distinct philosophy. Their investment strategies are
founded upon sound principles that help identify environments where
capital is going to thrive long-term, measuring different factors (human
productivity, governance, quality leadership), embedded within multiple
process layers. Vident Financial has been dedicated to
answering to one shareholder, the Vident ETF shareholder. Vident's
company structure assures that excess profits are used for the ETF
shareholders either in the form of further research or fee reductions. Visit www.videntfinancial.com for
more information.
The fund’s investment objectives, risks, charges and expenses must be
considered carefully before investing. The prospectus and summary
prospectus (PPTY) contains this and other important information about
the investment company, and a free hardcopy of the prospectus may be
obtained by calling 1-800-617-0004. Read carefully before investing.
Investments involve risk. Principal loss is possible. Because the
Fund is a fund of funds, its investment performance largely depends on
the investment performance of the Underlying Funds in which it invests.
An investment in the Fund is subject to the risks associated with the
Underlying Funds that comprise the Index, including risks related to
investments in derivatives, REITs, foreign securities and municipal
securities. Fixed-income securities’ prices generally fall as interest
rates rise. High yield securities are subject to the increased risk of
an issuer’s inability to meet principal and interest payment
obligations. These securities may be subject to greater price volatility
due to such factors as specific corporate developments, interest rate
sensitivity, negative perceptions of the non-investment grade securities
markets, real or perceived adverse economic conditions, and lower
liquidity. Preferred stock is subject to many of the risks associated
with debt securities, including interest rate risk. In addition,
preferred stock may not pay a dividend, an issuer may suspend payment of
dividends on preferred stock at any time, and in certain situations an
issuer may call or redeem its preferred stock or convert it to common
stock. International investments may also involve risk from unfavorable
fluctuations in currency values, differences in generally accepted
accounting principles, and from economic or political instability. There
is no guarantee that the fund will meet its investment objective. The
Fund may invest in derivatives, including futures contracts, which are
often more volatile than other investments and may magnify the Fund’s
gains or losses. The fund is new with limited operating history. The
Funds have the same risks as the underlying securities traded on the
exchange throughout the day at market price. The Fund’s investments will
be concentrated in an industry or group of industries to the extent the
Index is so concentrated, and the Index is expected to be concentrated
in real estate-related industries.
The Vident Funds (VIDI, VBND and VUSE) are distributed by Quasar
Distributors, LLC. The fund's investment advisor is Exchange Traded
Concepts LLC. VIDI, VBND, and VUSE's sub-advisor is Vident Investment
Advisory (VIA). Vident Financial owns the indexes that underline the
funds. Quasar is not affiliated with Vident Financial, Exchange Traded
Concepts, or Vident Investment Advisory. FLAG is distributed by SEI
Investments Distribution Co., which is not affiliated with Quasar
Distributors or Exchange Traded Concepts, or any of its affiliates.
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