Leatherback Asset Management Launches its First ETF - Seite 2
LBAY trades on the NYSE and has a management fee of 0.95 percent and a total annual fund operating expense of 1.09 percent.
Additional information can be found at leatherbackam.com/etfs.
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About Leatherback Asset Management
Leatherback is filling the void in the active, alternative ETFs space. With long/short investing as a core competency and a progressive mindset, Leatherback is looking to disrupt the ETF industry
by providing high-quality, actively managed alternatives in a cost-effective, liquid, tax efficient structure. The depth and breadth of the Leatherback Asset Management process is illustrated by
the migration patterns of leatherback sea turtles, who swim over 10,000 miles per year and dive deeper than any known turtle. For more information, please visit leatherbackam.com.
About Tidal ETF Services
Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach,
Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and
organizations launch the most interesting and viable ETFs available today. For more information, visit tidaletfservices.com.
IMPORTANT INFORMATION
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained
by visiting www.leatherbackam.com. Please read the prospectus carefully before you invest.
“Long” and “short” are investment terms used to describe ownership of securities. To buy securities is to “go long.” The opposite of going long is “selling short.” Short selling is an advanced trading strategy that involves selling a borrowed security. Short sellers make a profit if the price of the security goes down and they are able to buy the security at a lower amount than the price at which they sold the security short.
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Since the Fund is actively managed it does not seek to replicate the performance of a specified index. The Fund therefore may have higher portfolio turnover and trading costs than index-based funds. The Fund may invest in other funds, and in so doing will incur the expenses and risks of those funds.
The Fund uses short sales and derivatives (forwards, futures, swaps, and options), both of which may involve substantial risk. The loss on a short sale is in principle unlimited since there is no upward limit on the price of a shorted asset. The potential loss from a derivative may be greater than the amount invested due to counter-party default; illiquidity; or other factors. The Fund may hold illiquid assets (BDCs) which may cause a loss if the Fund is unable to sell an asset at a beneficial time or price.
The Fund is distributed by Foreside Fund Services, LLC
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Media Contact: |
Chris Sullivan MacMillan Communications (212) 473-4442 chris@macmillancom.com |