Amplify ETFs and Samsung Asset Management Launch the Amplify Samsung SOFR ETF (SOF)
CHICAGO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Amplify ETFs announces the launch of the Amplify Samsung SOFR ETF (SOF) in partnership with Samsung Asset Management (Samsung AM).
- CHICAGO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Amplify ETFs announces the launch of the Amplify Samsung SOFR ETF (SOF) in partnership with Samsung Asset Management (Samsung AM).
- Samsung AM serves as the sub-adviser offering investors access to an institutional management team at an expense ratio of 0.20%.
- “Our strategic partnership with Samsung AM has produced this timely opportunity for US investors and it is a great honor to collaborate with Samsung AM on their first ETF initiative in the US.”
“We are proud to build on the legacy of Samsung Asset Management through our New York office by launching our first US-listed ETF with our strategic partner Amplify ETFs,” said Bongkyun Suh, CEO of Samsung Asset Management, the largest asset manager in Korea. - With extensive experience managing short-term interest income, Samsung AM was the first to list an overnight interest income ETF in Korea and are managing approximately $5.8 billion in short-term interest income ETFs, including the Kodex SOFR ETF.