Amplify Inflation Fighter ETF

IWIN

Market cap $6.4M

CHICAGO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs, a leading provider of exchange traded funds, today announced the scheduled liquidation of three ETFs (the “Funds”). The Funds scheduled for liquidation include: ETF Name Ticker Amplify Emerging Markets FinTech ETF EMFQ Amplify Treatments, Testing and Advancements ETF GERM Amplify Inflation Fighter ETF IWIN Based on the recommendation of Amplify Investments LLC, the Funds' investment adviser, the Board of Trustees of the Amplify ETF Trust unanimously determined that it is in the best interests of the Funds and their shareholders to liquidate the Funds.

During a recent appearance at the Economic Club of New York, JPMorgan Chase JPM CEO Jamie Dimon expressed concerns that the U.S. economy could witness challenges similar to those of the 1970s. He indicated the likely resurgence of stagflation — a condition characterized by low growth combined with high inflation — which could complicate inflationary risks currently being faced by the U.S. economy, as quoted on a Yahoo Finance article.

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