MUSQ Global Music Industry ETF Celebrates Its One-Year Anniversary on the New York Stock Exchange

Rhea-AI Summary

The MUSQ Global Music Industry ETF (NYSE:MUSQ) celebrates its one-year anniversary on the New York Stock Exchange, having surpassed $22 million in assets under management. The ETF tracks the MUSQ Global Music Industry Index (MUSQIX), offering investors diversified exposure to the global music ecosystem.

MUSQ ETF includes companies involved in music streaming, content and distribution, live events, radio, and music equipment and technology. Top holdings feature major players like Apple, Alphabet, and Sony Group. The fund is positioned to benefit from the projected growth of the global music industry, which Goldman Sachs estimates will reach $163.7 billion by 2030.

David Schulhof, Founder and CEO of MUSQ , attributes the ETF's success to strong investor interest in the music industry's growth potential and technological advancements.

News Market Reaction

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+1.66% News Effect

On the day this news was published, MUSQ gained 1.66%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MUSQ Offers Investors a Front Row Seat to the Growing Music Industry

NEW YORK, NY / ACCESSWIRE / September 19, 2024 / MUSQ LLC, the company behind the MUSQ Global Music Industry ETF (NYSE:MUSQ), is pleased to celebrate the one-year anniversary of the fund's debut on the New York Stock Exchange. Already surpassing $22 million in assets under management (AUM), the MUSQ ETF provides investors with diversified exposure to the global music ecosystem.

Tracking the MUSQ Global Music Industry Index (MUSQIX), the ETF includes publicly traded companies with core interests in music streaming, content and distribution, live events, satellite and broadcast radio, and music equipment and technology.

David Schulhof, Founder and CEO of MUSQ LLC, noted, "Reaching $22 million in AUM within our first year is testament to the strong investor interest in the music industry and the opportunities it offers. Through MUSQ ETF, investors can benefit as they gain exposure to the changes in how music is consumed and monetized, as well as the technological advancements shaping the industry."

The global music industry is projected to grow at a double-digit pace, with Goldman Sachs predicting the industry's revenue will reach $163.7 billion by 2030. In its first year, the MUSQ ETF has provided diversified*** exposure to key players driving this growth, including Spotify, Universal Music Group, and Live Nation Entertainment, among others. The ETF is also positioned to benefit from the resurgence of live music events and the rapid digitalization of the music industry.

As of September 12, 2024, MUSQ ETF's top holdings include major companies such as Apple, Alphabet, and Sony Group, reflecting the broad scope of the ETF's coverage across various sectors of the music industry.

ABOUT MUSQ LLC

MUSQ LLC is the mastermind behind the MUSQ Global Music Industry Index (MUSQIX), and the MUSQ Global Music Industry ETF (NYSE:MUSQ). MUSQ LLC's founder and CEO, David Schulhof, is an experienced music investor and operator with more than 25 years of investing and operating public and private companies in the music and entertainment industry.

For more information, please contact info@musq.com

*For a complete list of MUSQ holdings and sector breakdown, please click here. Holdings subject to change.
** Source: Yang, Lisa, et al, Music in the Air, Goldman Sachs Equity Research, May 01, 2024

***Diversification does not ensure a profit or guarantee against a loss.

MUSQ Global Music Industry ETF is offered by prospectus. Carefully consider the investment objectives, risks, charges, and expenses. This and other important information can be found in the MUSQ ETF prospectus, which should be read carefully before investing and can be obtained by visiting https://musqetf.com or by calling 1-855- MUSQ-ETF(687-7383).

Risk Disclosures

There is no guarantee the Fund will achieve its stated objectives. In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. In addition to the normal risks associated with investing, investments in small- or mid-capitalization companies typically exhibit higher volatility. The Fund's concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors. The Fund is non-diversified.
The Fund is new and has a limited operating history for investors to evaluate. A new and smaller fund may not attract sufficient assets to achieve investment and trading efficiencies. The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably. All investing involves risk, and asset allocation and diversification do not guarantee a profit or protection against a loss. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, might be worth more or less than their original cost. ETFs are subject to risks similar to those of stocks, as well as other risks specific to the particular ETF. ETF shares are traded on exchanges, and are traded and priced throughout the trading day. ETFs permit an investor to purchase a selling interest in a portfolio of stocks throughout the trading day. Because ETFs trade on an exchange, ETF shares are bought and sold at market price (not NAV). The prices of ETFs may sometimes vary significantly from the NAVs of a ETFs' underlying securities. Brokerage commissions will reduce returns.

Exchange Traded Concepts, LLC serves as the investment advisor. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

Contact:

Dave Gentry
RedChip Companies
1-407-644-4256
MUSQ@redchip.com

SOURCE: MUSQ LLC

View the original press release on accesswire.com

FAQ

What is the current AUM of MUSQ Global Music Industry ETF after one year?

The MUSQ Global Music Industry ETF (NYSE:MUSQ) has surpassed $22 million in assets under management (AUM) after its first year of trading on the New York Stock Exchange.

What index does the MUSQ ETF track?

The MUSQ Global Music Industry ETF tracks the MUSQ Global Music Industry Index (MUSQIX).

What sectors of the music industry does MUSQ ETF cover?

MUSQ ETF covers various sectors of the music industry, including music streaming, content and distribution, live events, satellite and broadcast radio, and music equipment and technology.

What is the projected growth of the global music industry according to Goldman Sachs?

Goldman Sachs predicts that the global music industry's revenue will reach $163.7 billion by 2030.

Who are some of the top holdings in the MUSQ ETF as of September 12, 2024?

As of September 12, 2024, some of the top holdings in the MUSQ ETF include Apple, Alphabet, and Sony Group.