SGI Enhanced Core ETF (USDX) Surpasses More Than $100 Million In AUM
SGI Enhanced Core ETF (USDX)
Company Research
Source: PR Newswire
Innovative enhanced yield product USDX reaches AUM milestone in less than five monthsBOUNTIFUL, Utah, Aug. 2, 2024 /PRNewswire/ -- Summit Global Investments (SGI) announced today that their SGI Enhanced Core ETF (USDX) has vaulted past the $100 million mark in assets under management (AUM) since launching February 29, 2024. USDX is one of five ETFs that SGI has launched within the last year as the firm continues to expand its presence in the ETF space."We're excited by the traction our recent ETF efforts have been gaining, as we believe it represents an ever-growing democratization of the investment process in general," said Dave Harden, CEO/CIO, Summit Global Investments. "The rapid growth pattern of USDX indicates the growing desire investors have for preservation of capital, increased income, and higher yields—especially in the face of today's persistent inflation, higher-for-longer interest rate environment, broadening geo-political volatility, and concern over market concentratio
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