Overview
Description
The Amplify Samsung SOFR ETF is an investment vehicle designed to replicate the performance of securing returns tied to the Secured Overnight Financing Rate (SOFR). This exchange-traded fund aims to offer investors exposure to short-term interest rate movements in the U.S. financial market, providing a solution for investors looking to align with a risk-free alternative benchmark. SOFR, a benchmark rate that replaces the London Interbank Offered Rate (LIBOR), is based on transactions in the Treasury repurchase market and represents the cost of borrowing cash overnight while using Treasury securities as collateral. The ETF is pivotal for investors and financial institutions seeking to manage interest rate risks or to enhance their portfolio's interest-bearing component. Its design caters to investors wishing to navigate the evolving landscape of interest rate benchmarks in a transparent and efficient manner, reflecting current trends in the global financial markets. The Amplify Samsung SOFR ETF plays a significant role in fostering liquidity and offering diversified exposure within the short-term fixed income markets, aligning with changes in regulatory and market preferences.
About
Address
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Phone
(630) 464-7600
Website
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Instrument type
ETF
Country
United States
MIC code
ARCX