Chart-Topping Launch: MUSQ Global Music Industry ETF Makes its Debut on the New York Stock Exchange
July 10 2023 - 8:00AM
Business Wire
MUSQ Offers Investors a Front Row Seat to the
Growing Music Industry
MUSQ, LLC today announces the launch of the MUSQ Global Music
Industry ETF (NYSE: MUSQ), a cutting-edge exchange-traded fund
designed to offer investors pure-play exposure to the global music
industry.
The MUSQ ETF offers investors a way to align their portfolios
with the entire music industry ecosystem, including streaming
services (34.2%), content and distribution (35.3%), live events and
ticketing (9.47%), satellite and broadcast radio (7%), as well as
music equipment and technology (13.17%). The ETF tracks the MUSQ
Global Music Industry Index (MUSQIX), administered by EQM Indexes.
Holdings in the fund include Universal Music, Warner Music, Live
Nation, Spotify, Sony Music, Hybe, and SM Entertainment.*
David Schulhof, Founder and CEO of MUSQ, LLC, and a music
industry veteran, shares, “The MUSQ Global Music Industry ETF
capitalizes on the global affinity for music. By opening doors to a
diversified portfolio of companies critical to the music industry,
we are facilitating investors' access to the industry's ongoing
growth and innovation.”
The global music industry has come a long way since the days of
the phonograph in 1877. Today, the industry is experiencing a
renaissance, fueled by the advent of digitization, AI, social
media, and streaming platforms. In addition, the music industry
represents an attractive global growth opportunity with the
development of new monetization methods, rising global paid
streaming penetration, as well as the resurgence of live music
events post-pandemic. Goldman Sachs predicts the industry's revenue
will reach an impressive $53.2 billion by 2030, growing at a
compound annual rate of 12%.**
David Schulhof is a seasoned music industry investor and
executive with a notable track record, including former positions
as President, Music Publishing at LiveOne, President of IM Global
Music, and President of Music at AGC Studios. He was also the
co-founder and CEO of Evergreen Copyrights which was sold to BMG
Rights Management.
MUSQIX follows a well-structured methodology based on market
capitalization. Components are weighted with a maximum initial
weight of 7%, ensuring a balanced portfolio. The index also takes
liquidity into account and is rebalanced quarterly.
For more information on the MUSQ Global Music Industry ETF,
please visit www.musqetf.com
ABOUT MUSQ LLC
MUSQ LLC is the mastermind behind the MUSQ Global Music Industry
Index (MUSQIX), and the MUSQ Global Music Industry ETF (NYSE:
MUSQ). MUSQ LLC’s founder and CEO, David Schulhof, is an
experienced music investor and operator with more than 25 years of
investing and operating public and private companies in the music
and entertainment industry.
For more information, please contact info@musq.com
*For a complete list of MUSQ holdings and sector breakdown,
please click here. Holdings subject to change. ** Source: Yang,
Lisa, et al, Music in the Air, Goldman Sachs Equity Research, June
13, 2022
MUSQ Global Music Industry ETF is offered by prospectus.
Carefully consider the investment objectives, risks, charges, and
expenses. This and other important information can be found in the
MUSQ ETF prospectus, which should be read carefully before
investing and can be obtained here or by calling
1-888-687-7383.
Risk Disclosures
There is no guarantee the Fund will achieve its stated
objectives. In addition to the normal risks associated with
investing, international investments may involve the risk of
capital loss from unfavorable fluctuation in currency values,
differences in generally accepted accounting principles or social,
economic or political instability in other nations. Emerging
markets involve heightened risks related to the same factors as
well as increased volatility and lower trading volume. In addition
to the normal risks associated with investing, investments in
small- or mid-capitalization companies typically exhibit higher
volatility. The Fund’s concentration in an industry or sector can
increase the impact of, and potential losses associated with, the
risks from investing in those industries/sectors. The Fund is
non-diversified. The Fund is new and has a limited operating
history for investors to evaluate. A new and smaller fund may not
attract sufficient assets to achieve investment and trading
efficiencies. The Fund may invest in securities denominated in
foreign currencies. Because the Fund's NAV is determined in U.S.
dollars, the Fund's NAV could decline if currencies of the
underlying securities depreciate against the U.S. dollar or if
there are delays or limits on repatriation of such currencies.
Currency exchange rates can be very volatile and can change quickly
and unpredictably. All investing involves risk, and asset
allocation and diversification do not guarantee a profit or
protection against a loss. The investment return and principal
value of an investment will fluctuate so that an investor’s shares,
when redeemed, might be worth more or less than their original
cost. ETFs are subject to risks similar to those of stocks, as well
as other risks specific to the particular ETF. ETF shares are
traded on exchanges, and are traded and priced throughout the
trading day. ETFs permit an investor to purchase a selling interest
in a portfolio of stocks throughout the trading day. Because ETFs
trade on an exchange, ETF shares are bought and sold at market
price (not NAV). The prices of ETFs may sometimes vary
significantly from the NAVs of a ETFs’ underlying securities.
Brokerage commissions will reduce returns. Exchange Traded
Concepts, LLC serves as the investment advisor. The Funds are
distributed by SEI Investments Distribution Co., which is not
affiliated with Exchange Traded Concepts, LLC or any of its
affiliates.
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Gregory FCA for MUSQ, LLC musq@gregoryfca.com
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