Takeover of Anti-ARK Fund Is Just a Start as AXS Comes for Niche ETFs
- AXS set to acquire seven ETFs, has filings for more than 20
- Goal is to boost scale as fast as possible, firm’s CEO says
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A small issuer in the $7 trillion U.S. exchange-traded fund industry is turning into one of the most aggressive in a bid to corner the market for niche investing strategies.
AXS Investments LLC has only ever launched one product -- the $66 million AXS Astoria Inflation Sensitive ETF (ticker PPI) -- yet in the past few weeks has unleashed a series of moves that pave the way for expansion.