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Summit Global Investments (SGI) today announced the launch of two new ETFs, SGI Enhanced Global Income ETF (GINX) and SGI Enhanced Core ETF (USDX). Shares began trading last week on the Nasdaq exchange. "In the face of economic uneasiness including inflation, fluctuating interest rates, a string of bank failures and heightened geo-political volatility, investors continue to express greater desire for preservation of capital, increased income, and higher yields," said Dave Harden, CEO, Summit Global Investments. "With the launch of our new Enhanced or "X" ETFs, we continue our mission to provide our clients with enhanced solutions to simply the complex investment landscape."
SGI Enhanced Global Income ETF seeks to generate a return and income by actively investing in global companies that offer attractive dividend income, while SGI Enhanced Core ETF utilizes a diversified portfolio of higher-yielding, high quality short-term money market instruments. Both ETF's then implement SGI's risk-averse, actively traded put and call options management designed to further increase the income generated and manage risk. They believe this gives GINX and USDX the potential to provide improved yield compared to traditional Global Income and Core investment strategies.
As with all their investment vehicles, SGI's new Enhanced or "X" ETFs will be guided by the firm's Managed Risk Approach™. "Our investment approach seeks to preserve and grow capital by utilizing risk-appropriate strategies designed to minimize downside loss", said Harden. "Ultimately, we think this gives investors a better opportunity to experience the true power of compounding returns. We're excited to bring these X strategies to market which are based on the founding principles of our firm."
"Nasdaq is proud to work with dynamic issuers like Summit Global Investments that offer investors derivatives exposure across broad and diversified markets," said Alison Doyle, Head of ETP Listings at Nasdaq. "We are excited to continue partnering with issuers to grow their brands by providing tailored ETF services and serve as a trusted listing partner."
