Amplify Online Retail ETF (IBUY) Surpasses $500 Million in Assets

Amplify ETFs has announced its flagship product, the Amplify Online Retail ETF (NASDAQ:IBUY), has amassed $500 million in assets under management since its April 2016 inception. The fund has returned 44.78% in the past year, and a cumulative return of 104.77%* since inception as of 6/30/2018.

IBUY seeks to replicate the price performance of the EQM Online Retail Index (IBUYXT). The rules-based index tracks a globally diverse basket of companies that fall into three online retail categories -- marketplace, travel and merchants -- all of which must generate 70% of revenue from online or virtual sales.