Home etfexpress.com Amplify Online Retail ETF given 5-Star Overall Morningstar Rating

Amplify Online Retail ETF given 5-Star Overall Morningstar Rating

Amplify ETFs flagship product, the Amplify Online Retail ETF (NASDAQ: IBUY), has received a 5-Star Overall Morningstar Rating, based on risk-adjusted returns among 49 Consumer Cyclical Funds.Amplify ETFs announced that its flagship product, the Amplify Online Retail ETF (NASDAQ: IBUY), has received a 5-Star Overall Morningstar Rating.IBUY provides exposure to a globally diverse basket of companies that fall into three online retail categories — marketplace, travel and merchants – all of which must generate 70 per cent of revenue from online or virtual sales.“IBUY’s 5-Star Overall Morningstar Rating provides great validation of the fund’s performance and position in investor portfolios,” says Christian Magoon, founder and CEO of Amplify ETFs. “We’re pleased to see online retail businesses growing their market share, even as volatility and store closures continue to disrupt the sector.”IBUY began trading on April 20, 2016 and seeks to replicate the price performance of the EQM Online Retail Index (IBUYXT).

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