LEVITTOWN, PA / ACCESSWIRE / October 3, 2024 / ProcureAM, LLC, an innovator in the exchange-traded fund (ETF) industry, today announced that it will close and liquidate one of its ETFs, Procure Disaster Recovery Strategy ETF (NASDAQ:FIXT), a series of Procure ETF Trust II (the "Fund"). ProcureAM's commitment to responding to investors' needs includes a regular review of its product lineup, which has led to a decision to liquidate the Fund.
LEVITTOWN, PA / ACCESSWIRE / June 3, 2024 / FIXT, the Procure Disaster Recovery Strategy ETF, experienced a 35.02% increase in its net asset value (NAV) as of April 30, 2024 since its launch two years ago and at the start of hurricane season. Please click here for the fund's standardized performance.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CS Cliff Shum Shum Financial Group Inc. | 25,206 | $974,708.01 | $944,468.82 | -$30,239.19 | -3.1% |
| NASDAQ (NGS) Exchange | US Country |
The company operates an investment fund focusing predominantly on a portfolio of globally-listed stocks and depositary receipts. Key to its investment strategy is the concentration of its assets in securities issued by companies that are principally engaged in similar industry sectors. This approach implies that 25% or more of the fund's assets might be invested in companies operating within the same industry or group of industries, depending on the index's current focus and concentration. This strategic decision positions the fund as non-diversified, highlighting a targeted investment approach rather than a broad market exposure.
These are shares of companies that are listed on global stock exchanges, providing investors with an opportunity to diversify their portfolio internationally. This product targets companies across various sectors, enhancing exposure to different markets and economies.
Offering a pathway to invest in foreign companies through U.S. stock exchanges, depositary receipts represent shares in a foreign corporation. This service enables investors to gain exposure to international markets without the complexities of dealing directly with foreign exchanges and currency conversions.
This strategy involves concentrating investments in securities issued by companies within the same industry or group of industries. By investing 25% or more of its assets in these sectors, the fund aims to capitalize on industry-specific trends and growth potential, thereby offering specialized investment opportunities to its clients.