Guinness Atkinson Asset Management Announces Launch of SmartETFs Smart Transportation & Technology ETF
November 18 2019 - 11:32AM
Business Wire
Actively managed global investment strategy
will offer investors access to key innovators in smart
transportation sector.
Guinness Atkinson Asset Management today announced the launch of
the SmartETFs Smart Transportation & Technology ETF (NYSE:
MOTO), an actively managed global investment strategy designed to
provide investors with dedicated exposure to the innovative
companies shaping the future of transportation.
The Smart ETFs Smart Transportation & Technology ETF will be
co-managed by Will Riley and Jonathan Waghorn, both current
portfolio managers with Guinness Atkinson Asset Management. The
principle investment objective of the SmartETFs Smart
Transportation & Technology ETF is long-term capital
appreciation through the investment in companies directly involved
in the delivery of products or services relating to autonomous
and/or electric vehicles. The actively managed ETF will hold 35
equity positions of approximately equal weight, a signature
investment approach of Guinness Atkinson’s fund strategies, and
will have a global mandate.
“We are thrilled to offer investors a strategy to participate in
the shift already under way in the global transportation sector,”
said Jim Atkinson, CEO of Guinness Atkinson Asset Management. “The
rise of electric vehicles as the preference of choice for global
consumers, combined with these vehicles achieving full autonomy,
will present an array of new investment opportunities as consumers
reevaluate their relationship with transportation."
Research from Guinness Atkinson finds that electric vehicles
will increasingly replace internal combustible engines.
Additionally, the firm expects that autonomous vehicles will become
increasingly commonplace. The convergence of these two technologies
becoming mainstream will transform how consumers interact with and
consume transportation and launch new industries such as
“autonomous transportation as a service,” which has the potential
to grow into a $1.75 trillion market over the next decade. These
transformative shifts will create many new investable opportunities
for growth-oriented investors, which the SmartETFs Smart
Transportation & Technology ETF aims to capitalize on.
For more insights into smart transportation trends and their
investment implications, readers can access Guinness Atkinson’s
white paper on this topic here:
https://smartetfs.co/SmartTransportationRevolution
“Investors are right to be excited by potential opportunities
emerging from the smart transportation revolution,” said Mr.
Atkinson. “Like any investment theme, there will be some excellent
opportunities and also intense competition, which is why we felt an
actively managed strategy, backed by our deep experience of
investing in similar themes, such as global innovation and
alternative energy, provides investors with a sensible approach to
participate in this space.”
The Smart ETFs Smart Transportation & Technology ETF will
provide investors with broad-based exposure to smart transportation
investment themes. This may include investments in companies that
develop or deliver related technologies that facilitate or support
automated or intelligent transportation, including hardware and
software, as well as technologies that support driver assistance
programs, mapping technologies and artificial intelligence.
Companies that service electric or autonomous vehicles or provide
infrastructure for such vehicles will also be considered for
investment, as will companies that utilize such technologies to
support other business models, such as delivery services.
The portfolio management team of Will Riley and Jonathan Waghorn
will bring established portfolio management experience of actively
managed, global sector strategies to the new fund. Will Riley and
Jonathan Waghorn currently serve as the co-managers of the Guinness
Atkinson Global Energy Fund (GAGEX) and Guinness Atkinson
Alternative Energy Fund (GAAEX). Joining Guinness Atkinson as
analyst in 2007, Will Riley has served as portfolio manager since
2010. Jonathan Waghorn has over 20 years of experience in the
energy sector analysis and investing and over a decade of portfolio
management experience, having served as Investec Global Energy fund
manager between 2008 and 2013 and becoming portfolio manager of
Guinness Atkinson funds in 2013.
The Smart ETFs Smart Transportation & Technology ETF will
trade on the NYSE Arca exchange under the symbol MOTO. The fund
will be available at most major brokerage firms including Charles
Schwab, Fidelity T.D. Ameritrade. The fund will have an expense
ratio of 0.68%.
About SmartETFs
SmartETFs are a family of exchange traded funds that focus on
four mega themes that are driving change: Innovation, the Rise of
Asia, Demographics, and Social Progress.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus, please call (866) 307-5990 or visit our
website at www.SmartETFs.com. Read the prospectus carefully before
investing.
You can lose money investing in the SmartETFs Smart
Transportation ETF. Investing in the Fund may be more risky due to
the increased volatility of foreign markets and emerging
technologies.
Funds distributed by Foreside Fund Services, LLC.
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