Armada ETF Advisors bolsters boutique REIT fund
offering while developing atNav, an ETF liquidity platform
Armada ETF Advisors announces the appointment of Phil Bak as
Chief Executive Officer, after serving as Advisory Board Chairman
since November 2021. In his new role, Bak will build on Armada ETF
Advisors’ standing as a thought leader in REIT investing, including
driving the strategic direction and operation of the Home
Appreciation U.S. REIT ETF (NYSE: HAUS), the first active,
pure-play U.S. residential real estate exchange-traded fund (ETF).
Armada will also continue to develop technology and intellectual
property to drive the launch of atNav, an ETF data and liquidity
platform.
As an accomplished ETF industry veteran, Bak brings more than 15
years of experience to the role. He has served as Founder and CEO
of Exponential ETFs, Chief Investment Officer of Signal Advisors,
and Managing Director at the New York Stock Exchange. Bak is the
author of two patents on innovative ETF structures and holds the
Chartered Alternative Investment Analyst (CAIA) designation.
“Many investors assume that REITs are generally fungible, but
our research shows tremendous differentiation between the various
REIT categories. Armada ETF Advisors has the expertise required to
navigate the REIT industry and provide differentiation for our
investors,” notes Bak. “I’m honored to work alongside well
respected REIT industry thought leaders to provide investors with
unique access to residential real estate.”
Armada ETF Advisors is supported by an Advisory Board of REIT
industry veterans, including Richard Adler, John Guinee and
Christopher Volk. The Advisory Board will provide valuable, timely
market and REIT-specific insights to maximize the firm’s core
specialty in residential REITs and support the firm’s portfolio
management team. David Auerbach, Managing Director of Armada ETF
Advisors, has been in the REIT industry for over 23 years, with a
focus on institutional sell side trading and corporate access.
Auerbach is also the publisher of The Daily REITBeat Newsletter, a
widely-followed publication that covers the major news and
headlines across the REIT industry. Portfolio Manager, Al Otero,
has spent 30 years in the REIT industry as an analyst and portfolio
manager, most recently with EII Capital Management.
“Phil has been an instrumental member of the Armada team since
day one,” shares Justin Goldberg, current CEO of Armada ETF
Advisors. “His extensive experience in capital markets and
pioneering work in the ETF industry will serve the firm well as it
enters the next stage of growth.”
For more information on Armada ETF Advisors and HAUS, visit:
https://www.armadaetfs.com/
About Armada ETF Advisors
At Armada ETF Advisors, we believe that real estate is personal.
Every individual – across all ages and socioeconomic levels –
touches real estate. While ownership or the ability to invest in
property may be out of reach for many, our goal is to provide broad
access to the real estate asset class. We invest in publicly traded
real estate investment trusts, or REITs, which themselves make
investments in income-producing real estate. By packaging REITs in
an exchange-traded fund (ETF), we provide diversified real estate
exposure via a liquid, tax-efficient and easy-to-access
vehicle.
Learn more about what makes Armada ETF Advisors different
here.
About HAUS
The Home Appreciation U.S. REIT ETF (NYSE: HAUS) is the first
active, pure-play U.S. residential real estate exchange-traded fund
(ETF). The fund invests in publicly-traded real estate investment
trusts (REITs) that derive their revenue from ownership and/or
management of residential properties. Unlike other real estate ETFs
that invest in stocks associated with real estate, HAUS allows
investors access to REITs, which invest directly in residential
real estate assets. REIT holdings must generate at least 75% of its
revenue from the following categories of prosperity: multifamily
housing, manufactured housing, single-family rental housing or
senior housing.
Toroso Investments serves as the fund’s advisor and Armada ETF
Advisors as its sub-advisor.
IMPORTANT INFORMATION
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 (800) 693-8288 or visit our website at
www.armadaetfs.com. Read the prospectus or summary prospectus
carefully before investing.
Investments involve risk. Principal loss is possible. Unlike
mutual funds, ETFs may trade at a premium or discount to their net
asset value. Brokerage commissions may apply and would reduce
returns. The fund is new and has limited operating history to
judge.
Fund Risks: The Fund is classified as a non-diversified
investment company. The Fund may invest a greater portion of its
assets in the securities of a single issuer or a smaller number of
issuers than if it was a diversified fund. To the extent that the
Fund invests in other funds, a shareholder will bear two layers of
asset-based expenses, which could reduce returns compared to a
direct investment in the underlying funds.
Through its investments in REITs, the Fund is subject to the
risks of investing in the real estate market, including decreases
in property revenues, increases in interest rates, increases in
property taxes and operating expenses, legal and regulatory
changes, a lack of credit or capital, defaults by borrowers or
tenants, environmental problems, and natural disasters. The Fund
may invest in derivatives, which are often more volatile than other
investments and may magnify the Fund’s gains or losses.
The Fund may invest in debt securities which are subject to the
risks of an issuer’s inability to meet its obligations under the
security; failure of an issuer or borrower to pay principal and
interest when due; and interest rate changes affect the prices of
fixed income securities. In addition, an increase in prevailing
interest rates typically causes the value of existing fixed income
securities to fall and often has a greater impact on longer
duration and/or higher quality fixed income securities.
Unlike typical exchange-traded funds, there are no indexes that
the Funds attempt to track or replicate. Thus, the ability of the
Funds to achieve its objectives will depend on the effectiveness of
the portfolio manager. In general, ETFs can be tax efficient. ETFs
are subject to capital gains tax and taxation of dividend income.
However, ETFs are structured in such a manner that taxes are
generally minimized for the holder of the ETF. An ETF manager
accommodates investment inflows and outflows by creating or
redeeming “creation units,” which are baskets of assets. As a
result, the investor usually is not exposed to capital gains on any
individual security in the underlying portfolio. However, capital
gains tax may be incurred by the investor after the ETF is
sold.
Investment Objective: The Home Appreciation U.S. REIT ETF (the
“Fund”) seeks total return.
Distributed by Foreside Fund Services, LLC.
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version on businesswire.com: https://www.businesswire.com/news/home/20220823005236/en/
MEDIA Gregory FCA for Armada ETFs Caitlyn Foster
armadaetfs@gregoryfca.com 484-798-7730
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