Strive Asset Management Launches Emerging Markets Ex-China ETF (NYSE: STXE) Amid Growing U.S.-China Tension
COLUMBUS, Ohio–(BUSINESS WIRE)–Strive Asset Management (“Strive”) launches its eighth index fund today: the Strive Emerging Markets Ex-China ETF (STXE). STXE is a passively managed ETF that seeks exposure to large- and mid-capitalization equity securities across twenty-four emerging market economies, excluding China, offering investors exposure to emerging markets while minimizing China-related risks. Strive believes that China’s autocratic regime, economic vulnerabilities, and military posture towards its neighbors, including Taiwan, create meaningful risks for global investors. Strive believes that other large environmental, social, and governance (ESG) promoting financial institutions with asset management businesses in China are unable to adequately educate U.S. clients about these risks due to their conflicts of interests in China.
Strive is launching STXE with $100 million from a leading institutional investor. With the launch of STXE, Strive also expands its product offerings to include international exposure to its clients. Strive will advance its pro-excellence agenda by mandating ex-U.S. companies to focus on excellence over political or social agendas, building on Strive’s approach to shareholder engagement and proxy voting in the U.S.
“ESG-promoting asset managers are vocal about supposed investment risks relating to board diversity and climate change, yet they are conspicuously silent about one of the most proximal investment risks that all investors face: the behaviors of Communist China,” notes Vivek Ramaswamy, Executive Chairman and Co-Founder of Strive. “It’s no mystery why: they have deep conflicts of interest in China that prevent them from being as vocal about these issues or from imposing the same ESG constraints onto Chinese companies as they do for U.S. companies. Strive refuses to build an asset management business in China to avoid these conflicts of interest so that we can better serve our U.S. clients as a vocal fiduciary advocating for excellence.”
“With the launch of STXE, we aim to offer our clients the opportunity to invest internationally,” said Anson Frericks, President and Co-Founder of Strive. “We are launching STXE at a moment of escalating cross-Straits tensions between the U.S., China, and Taiwan, and we expect these tensions to worsen during the course of Xi Jinping’s unprecedented third term with a rising risk of conflict surrounding Taiwan.”
About STXE: Strive Emerging Markets Ex-China ETF (NYSE: STXE, expense ratio: 0.32%) seeks to track the total return performance, before fees and expenses, Bloomberg Emerging Market ex China Large & Mid Cap Index tracks large and mid-capitalization equity securities across 24 emerging market economies, excluding China. The benchmark does not pursue any environmental, social, governance (ESG) objectives. Investors can learn more at http://www.strivefunds.com/STXE.
About Strive Asset Management: Strive is an Ohio-based firm whose mission is to restore the voices of everyday citizens in the American economy by leading companies to focus on excellence over politics. The company was co-founded by Vivek Ramaswamy and Anson Frericks in 2022. Learn more at www.strive.com.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 855-427-7360 or visit our website at www.strivefunds.com. Read the prospectus or summary prospectus carefully before investing.
Investments involve risk. Principal loss is possible. Emerging Markets Risk. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to those securities or markets, can involve additional risks relating to political, economic, or regulatory conditions not associated with investments in U.S. securities and instruments. Foreign Investment Risk. Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Depositary Receipt Risk. The risks of investments in depositary receipts, including American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”), and Global Depositary Receipts (“GDRs”), are substantially similar to Foreign Investment Risk. Investment Risk. When you sell your Shares of the Fund, they could be worth less than what you paid for them. The Fund could lose money due to short-term market movements and over longer periods during market downturns. Large Capitalization Companies Risk. Large-capitalization companies may trail the returns of the overall stock market. Large-capitalization stocks tend to go through cycles of doing better – or worse – than the stock market in general. Mid-Capitalization Companies Risk.
ESG investing is defined as utilizing environmental, social, and governance (ESG) criteria as a set of standards for a company’s operations that socially conscious investors use to screen potential investments.
Strive Asset Management and Strive ETFs are not affiliated with Quasar Distributors, LLC.
The Strive ETFs are distributed by Quasar Distributors, LLC.
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