MicroSectors™ Launches U.S. Journey Lengthy & Brief Alternate Traded Notes on NYSE Arca


NEW YORK, June 21, 2022 /PRNewswire/ – REX Shares, LLC (“REX”) at this time introduced the launch of two new MicroSectors Alternate Traded Notes (ETNs) issued by Financial institution of Montreal (BMO) linked to the MerQube MicroSectors U.S. Journey Index (ticker: MQUSTRAV). MicroSectors Journey 3x Leveraged ETNs (ticker: FLYU) and MicroSectors Journey -3x Inverse Leveraged ETNs (ticker: FLYD) will begin buying and selling tomorrow on NYSE Arca.

The MerQube MicroSectors U.S. Journey Index, launched in November 2021, tracks the efficiency of huge U.S. domiciled and listed corporations working in specified segments of the journey and tourism trade. As of the date of this launch, Walt Disney Firm, Uber Applied sciences, Inc., Airbnb, Inc., Reserving Holdings Inc., and Carnival Company have been the 5 largest widespread shares within the Index.

REX, a supplier of other funding merchandise, continues to see sturdy demand for hedging and buying and selling instruments based mostly on particular segments of the market, akin to fairness securities of corporations within the journey trade.

“We’re excited to accomplice with BMO and MerQube on the launch of the journey equity-focused pair of exchange-traded notes,” mentioned Scott Acheychek, President of REX. “The MerQube MicroSectors U.S. Journey Index presents refined buyers entry to lots of the largest corporations working in journey and tourism, which has grow to be a well-liked trade to commerce due COVID-19 and the volatility in journey and tourism shares,” Acheychek added. “Since our founding, MicroSectors has targeted on innovating the ETP panorama by offering distinctive exposures to in style investable market segments. We’re happy to construct on this goal by including U.S. Journey to our product lineup.”

About REX Shares
Based in 2015, REX Shares (“REX”) is an impartial supplier of ETPs based mostly in Miami, Florida. As ETP architects, the REX group creates funding automobiles that resolve for a spread of particular challenges in investor portfolios. The agency is rooted in a long time of structuring and constructing ingenious exchange-traded product options.

For extra data, please go to www.rexshares.com or www.microsectors.com.

Twitter: @REXShares and @MSectors

About BMO Monetary Group
Serving clients for 200 years and counting, BMO is a extremely diversified monetary providers supplier – the eighth largest financial institution, by property, in North America. With complete property of $1.04 trillion as of April 30, 2022, and a group of numerous and extremely engaged workers, BMO offers a broad vary of private and business banking, wealth administration and funding banking services and products to greater than 12 million clients and conducts enterprise by way of three working teams: Private and Industrial Banking, BMO Wealth Administration and BMO Capital Markets.

The ETNs are senior, unsecured obligations of BMO.

Funding suitability have to be decided individually for every investor, and the ETNs is probably not appropriate for all buyers. This data is just not meant to offer and shouldn’t be relied upon as offering accounting, authorized, regulatory or tax recommendation.  Buyers ought to seek the advice of with their very own monetary advisors as to those issues.

The ETNs are meant to be each day buying and selling instruments for stylish buyers to handle each day buying and selling dangers as a part of an general diversified portfolio. They’re designed to attain their acknowledged funding targets each day. The returns on the ETNs over longer intervals of time can, and most probably will, differ considerably from the return on a direct lengthy or brief funding within the index.

BMO, the issuer of the ETNs, has filed a registration assertion (together with a pricing complement, a product complement, a prospectus complement and a prospectus) with the Securities and Alternate Fee (the “SEC”) about every of the choices to which this press launch relates. Please learn these paperwork and the opposite paperwork relating to those choices BMO has filed with the SEC for extra full details about BMO and these choices. These paperwork could also be obtained with out value by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, Financial institution of Montreal, any agent or any supplier collaborating in these choices will prepare to ship the relevant pricing complement, product complement, prospectus complement and prospectus in case you so request by calling toll-free at 1-877-369-5412.

MerQube doesn’t sponsor, endorse, promote, promote or handle any securities which can be supplied by third events and that search to offer an funding return based mostly on the efficiency of the Index. MerQube makes no assurance that the notes or some other funding merchandise based mostly on the Index will precisely monitor index efficiency or present optimistic funding returns. MerQube is just not an funding advisor, and MerQube makes no illustration relating to the advisability of investing in any such securities.

MerQube and its third-party information suppliers and licensors (collectively the “MerQube Events”) do not-guarantee the accuracy, completeness, timeliness or availability of the any information referring to the Index (the “Content material”).  The MerQube Events aren’t chargeable for any errors or omissions, whatever the trigger, for the outcomes obtained from using the Content material. THE CONTENT IS PROVIDED ON AN “AS IS” BASIS, AND THE MERQUBE PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, OR THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED. In no occasion shall the MerQube Events be liable to any occasion for any direct, oblique, incidental, exemplary, compensatory, punitive, particular or consequential damages, prices, bills, authorized charges, or losses (together with, with out limitation, misplaced revenue or misplaced income and alternative prices) in reference to any use of the Content material, even when suggested of the potential for such damages.

MicroSectors™ and REX™ are registered emblems of REX. The emblems have been licensed to be used for sure functions by Financial institution of Montreal. The ETNs aren’t sponsored, endorsed, bought or promoted by REX or any of its associates or third-party licensors (collectively, “REX Index Events”). REX Index Events make no illustration or guarantee, specific or implied, to the homeowners of the ETNs or any member of the general public relating to the advisability of investing in securities typically or within the ETNs significantly or the power of the Index to trace basic market efficiency. REX Index Events’ solely relationship to Financial institution of Montreal with respect to the Index is the licensing of the Index and sure emblems, service marks and/or commerce names of REX Index Events. REX Index Events aren’t chargeable for and haven’t participated within the dedication of the costs, and quantity of the ETNs or the timing of the issuance or sale of the ETNs or within the dedication or calculation of the equation by which the ETNs are to be transformed into money. REX Index Events don’t have any obligation or legal responsibility in reference to the administration, advertising or buying and selling of the ETNs. Inclusion of a safety inside an index is just not a suggestion by REX Index Events to purchase, promote, or maintain such safety, neither is it thought-about to be funding recommendation.

SOURCE BMO Monetary Group





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