SU:CC - Inflation fighting ETF attracts $70M in first 70 trading days

The AXS Astoria Inflation Sensitive ETF (NYSEARCA:PPI) is approaching its six month anniversary since its inception and has been one of Wall Street’s fastest growing ETFs year-to-date. From a percentage of asset growth stance, PPI is the third-fastest growing ETF in 2022. Dating back to its inception on Dec. 30, 2021 it has rapidly attracted more than $70M in its first 70 trading days. Greg Bassuk, CEO of AXS Investments stated: "With inflation remaining a top concern for investors, we feel that this ETF provides a way to protect portfolios against the inflationary pressures that are prevalent in the current economic landscape.” From a performance vantage point PPI trades lower on the year by 4.3%. Much better than the -19.6% returns that benchmark S&P 500 ETFs like the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), iShares Core S&P 500 ETF (NYSEARCA:IVV), and Vanguard 500 Index Fund (NYSEARCA:VOO) have shown. PPI with its 0.70% expense

For further details see:

Inflation fighting ETF attracts $70M in first 70 trading days