Move positions FMKT to expand market reach, enhance liquidity, and strengthen brand presence in Texas
Tidal Investments LLC today announced that the team behind The Free Markets ETF (Ticker: FMKT) has completed its dual listing on NYSE Texas, in addition to its existing listing on NYSE Arca. Shares of FMKT begin trading today on NYSE Texas, which launched earlier this year, in a move that can potentially support FMKT’s market reach, liquidity, and brand presence in a deregulation-friendly environment.
Since its launch, FMKT has capitalized on the growing momentum of companies benefiting from regulatory shifts that support free market dynamics, providing an actively managed approach that employs AI technology to identify firms believed to be poised to profit from federal deregulation.
“NYSE Texas represents a unique opportunity to bring FMKT’s free-market investment thesis closer to one of the nation’s most dynamic and business-friendly markets,” said Michael Gayed, Portfolio Manager for Tactical Rotation Management, LLC, a sub-adviser to the fund. “Dual listing allows us to extend our reach on a trusted exchange to a network that shares a deep appreciation for the opportunity we see to capitalize on the economic tailwinds that deregulation can potentially provide.”
By adding NYSE Texas to its listing venues, FMKT will increase its visibility among Texas-based institutional investors, regional financial advisors, state investment funds, and the state’s growing retail investor community. The dual listing also has the potential to enhance liquidity by attracting incremental trading volume from Texas-focused investors, drawing additional interest from market makers.
"Listing on NYSE Texas underscores our commitment to our principles and differentiates FMKT as an ETF that stands for free market opportunity in both its strategy and its market presence," said Hal Lambert, Portfolio Manager at Point Bridge Capital, LLC, a sub-adviser to the fund who is based in Dallas, Texas.
“We continue to see major tailwinds that support our investment outlook across several sectors from energy to healthcare and cryptocurrency-related industries where executive orders and deregulatory efforts are showing significant impact,” said Todd Stankiewicz, Portfolio Manager at SYKON Asset Management, a sub-adviser to the fund. “Listing on NYSE Texas is another step in bringing our unique, innovative ETF to a wider audience.”
To learn more about FMKT click here.
About Tidal Investments LLC
Tidal Investments LLC, a Tidal Financial Group company, is dedicated to understanding, researching, and managing assets within the expanding ETF universe. The firm specializes in bringing innovative exchange-traded funds to market that address evolving investment themes and market opportunities.
About The Free Markets ETF (FMKT)
The Free Markets ETF seeks to provide long-term total returns by investing in companies expected to benefit from shifts in the regulatory environment that are supportive of free market dynamics. The fund is actively managed by a team of specialized sub-advisers with expertise in regulatory impact analysis and sector-specific investments.
Important Information
Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here. Read it carefully before investing.
Investing involves risk, including possible loss of principal. The Fund’s strategy of investing in companies that may benefit from deregulatory measures entails significant risks, including those stemming from the unpredictable nature of regulatory trends. Deregulation is influenced by political, economic, and social factors, which can shift rapidly and in unforeseen directions. The Fund is actively managed and may experience high portfolio turnover. The Fund is new with limited operating history.
Underlying Digital Assets ETP Risks. The Fund's investment strategy, involving indirect exposure to Bitcoin, Ether, or any other Digital Assets through one or more Underlying ETPs, is subject to the risks associated with these Digital Assets and their markets.
The Fund may invest up to 5% of its net assets in U.S.-listed exchange-traded products seeking exposure to Bitcoin or Ether. The Fund does not invest directly in Bitcoin, Ether, or any other Digital Assets.
The subadvisors, Point Bridge, SYKON, and Tactical Rotation Management, use artificial intelligence as a screening tool to help identify companies that fit the Fund's investment strategy. Positions are determined by what stocks the investment committee believes likely benefit the most from deregulation.
The Free Markets ETF is distributed by Foreside Fund Services, LLC.
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Contacts
Trevor Davis
Cell: 443-248-0359
trevor@gregoryfca.com