Kurv Investment Management Launches Kurv Technology Titans Select ETF (KQQQ)
23 July 2024 - 11:00PM
Business Wire
New technology ETF seeks to deliver dynamic
downside mitigation with purer exposure to the largest technology
companies, while generating tax-advantaged income
Kurv Investment Management LLC (Kurv) today announced the launch
of the Kurv Technology Titans Select ETF (Nasdaq: KQQQ). KQQQ seeks
to offer investors of all sizes downside mitigation with purer,
concentrated exposure to the largest technology and growth
stocks.
After the latest run-up in the technology sector, the actively
managed ETF is designed to provide downside mitigation through
tax-advantaged income by writing covered calls in a general market
sell-off.
The fund also employs momentum weighting to magnify the returns
of the highest-performing and most growth-oriented technology
companies. This adaptive feature looks to maximize total return by
improving upon traditional, static, covered call strategies, which
can limit portfolio upside in sharp rising markets.
Income-seeking investors often underweight technology stocks
because they typically distribute low or no dividends. To combat
this, the ETF builds on the theme of the existing Kurv Yield
Premium Strategy ETF roster of six single-stock covered-call ETFs,
which aim to provide investors exposure to growth stocks without
sacrificing income.
“Technology and growth companies have had an incredible run, and
to stay diversified, it’s critical to stay invested in the sector.
While the market notches new highs, our dynamic covered call
writing on select stocks in the portfolio provides a defensive
income-generating strategy for when the market inevitably trends
down,” said Howard Chan, founder and chief executive officer of
Kurv Investment Management. “Our research shows that the largest
tech companies have significantly outperformed broad market indices
for at least the last two decades. With the resources to capitalize
on the advent of commercial artificial intelligence, we see the
performance gap for these titans only getting bigger.”
KQQQ is backed by experts at Kurv who believe technology
exposure belongs in every portfolio and have launched more than 16
ETFs over the course of their careers. The management team brings
over 100 years of combined experience and built their expertise at
firms including PIMCO and Goldman Sachs.
“Kurv was created with the mission to offer institutional
quality investment products to the masses, so everyone and anyone
can reach their investment objectives,” said Chan. “Creating
tax-aware, option-based solutions like KQQQ is just one step toward
our goal of giving individual investors and advisors the tools they
need for greater success.”
For more information about Kurv’s approach to the
democratization of institutional-grade investment products, please
visit: https://www.kurvinvest.com/
About Kurv Investment Management
Kurv Investment Management is a tax-aware, option-based
investment manager founded by a team of highly experienced
professionals from industry-leading firms. Kurv Investment
Management removes costly and complicated barriers to entry and
streamlines management and reporting to serve its mission to
democratize access to high-caliber portfolio tools and investment
options previously reserved for only the largest institutional
investors.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
Fund, please call 1(888)719-KURV (5878) or visit our website at
kurvinvest.com. Read the prospectus or summary prospectus carefully
before investing.
Investing in the fund involves a high degree of risk. Principal
loss is possible.
Fund Objective: The Fund seeks maximum total return, consistent
with prudent investment management.
An investment in the Fund entails risk, including the loss of
principal. The Fund is not a complete investment program and
investors should review the risks associated with the Fund before
investing. The Fund is an actively managed portfolio, and the
portfolio managers will apply investment techniques and risk
analyses that may not produce the desired result. There can be no
guarantee that the Fund will meet its investment objective.
The Fund will invest in the equity securities of, or derivative
instruments (e.g. options) relating to, Technology Companies.
Accordingly, the performance of the Fund could be negatively
impacted by events affecting this sector. Market or economic
factors impacting technology companies and companies that rely
heavily on technological advances could have a significant effect
on the value of the Fund’s investments. The Fund may engage in
certain transactions, such as options, that may give rise to
leverage, magnifying gains and losses and causing the Fund to be
more volatile than if it had not been leveraged. This means that
leverage entails a heightened risk of loss. Because the Fund is
“non-diversified,” it may invest a greater percentage of its assets
in the securities of a single issuer or a smaller number of issuers
than if it was a diversified fund. As a result, a decline in the
value of an investment in a single issuer or a smaller number of
issuers could cause the Fund’s overall value to decline to a
greater degree than if the Fund held a more diversified portfolio.
The Fund will invest in Underlying Kurv ETFs, so the Fund’s
investment performance is likely to be related to the performance
of the Underlying Kurv ETFs. For more information on risks
associated with the fund, please review the funds prospectus.
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Media Gregory FCA for Kurv Investment Management Erin
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