Amplify Launches Dividend-Focused Natural Resources ETF
James Lord, CFA – ETF Strategy
Excerpts taken from article:
Amplify ETFs has launched a new ETF providing exposure to dividend-paying equities of companies operating in natural resource and commodity-related industries.
The Amplify Natural Resources Dividend Income ETF (NDIV US) has been listed on NYSE Arca with an expense ratio of 0.59%.
According to Amplify, the fund captures opportunities in both ‘old’ and ‘new’ energy companies as well as the related materials sector. Targeted industries include traditional energy (oil, gas, and consumable fuels), chemicals, agriculture, metals & mining, paper products, and timber.
Christian Magoon, CEO of Amplify ETFs, commented: “We believe that select dividend-paying energy and materials stocks are positioned attractively due to strong cash flows, growing distributions, and current price-to-earnings (P/E) ratios.
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