REX Shares Launches AI Income ETF Powered by BITA Thematic Index
The new offering from REX Shares, powered by BITA’s thematic database, helps investors maintain targeted exposure to the growth potential of AI
[FRANKFURT and MIAMI, June 4, 2024] – BITA and REX Shares, a premier provider of alternative-strategy ETFs and ETNs, today announced a licensing agreement for the BITA AI Leaders Select Index, which will power the REX AI Equity Premium Income ETF (AIPI). REX Shares’ new offering marks a significant advancement for investors seeking to generate consistent income streams while maintaining targeted exposure to growth opportunities in the booming AI sector. The AIPI ETF tracks the performance of US-based companies specializing in AI software, hardware, data center infrastructure, and services.
As the global artificial intelligence market surges towards a projected decade of steady growth, investor interest and expectations are skyrocketing. Recognizing this dynamic shift, BITA and REX Shares have joined forces to empower investors to enhance their growth potential and future-proof their portfolios.
Scott Acheychek, COO at REX Shares, said:
“The AI revolution is transforming every industry and presents vast investment potential. Building on our success with our covered call FANG & Innovation ETF (ticker: FEPI), we launched AIPI to allow investors to capitalize on these advancements owning the stocks while using options to provide a steady income stream. We are excited to be working with BITA on this product for the underlying index. This strategy leverages the growth potential of key AI stocks and delivers monthly income from companies that typically do not pay dividends, potentially serving as a downside hedge during market dips. AIPI exemplifies REX Shares' commitment to innovating the covered call ETF landscape with specialized, options-based strategies that seek to address investor needs of potential NAV growth & income.”
Victor Hugo Gomez, CEO at BITA, said:
"We are excited to see REX Shares launch the AIPI ETF. The BITA AI Leaders Select Index, is not a standard thematic index, it has been carefully constructed to maximize the yield of the underlying product, which will offer a great combination of thematic exposure and stable income. The team from REX is well known for their innovation, and we can't wait to keep supporting them in other exciting product launches."
REX Shares’ launch of the AIPI ETF underscores their commitment to providing innovative, focused solutions for complex investor and trader portfolio needs.
About REX Shares
REX Shares is an innovative ETF provider that specializes in alternative-strategy ETFs and ETNs. The firm created the MicroSectors™ and co-created the T-Rex product lines of leveraged and inverse tools for traders and recently launched the first of a series of option-based income strategies. The firm is rooted in decades of experience building inventive solutions that solve a wide range of challenges in investor and trader portfolios. For more information, visit www.rexshares.com
About BITA
BITA is a leading technology-enabled Fintech, focused on the provision of investment customization technology, indexes, and indexing solutions to asset & wealth managers, registered investment advisors and other financial institutions across multiple markets. From traditional passive investing to direct indexing, BITA’s infrastructure has been designed to support investment customization at scale. For more information, visit www.bita.io/
BITACore is BITA’s cloud-based index development and investment customization platform. BITACore is available both in a web-based version as well as APIs, and can support a variety of applications, from traditional institutional indexing to direct indexing. For more information, visit www.bita.io/products
SOURCE BITA Gmbh
Maria Gkili, BITA, mg@bita.io; Matt Hazen, REX Shares, mhazen@rexfin.com
Disclaimer
The information in this document does not constitute tax, legal or investment advice and is not intended as a recommendation for buying or selling securities. BITA and all other companies mentioned in this document are not responsible for the consequences of reliance upon any opinion or statement contained herein or for any omission.