EQM Indexes Drops the Beat with new MUSQ Global Music Industry Index
The MUSQ Global Music Industry Index (MUSQIX) offers exposure to companies engaged in the global music industry ecosystem and is the underlying benchmark for the MUSQ ETF.
SAN DIEGO–(BUSINESS WIRE)– San Diego-based index developer EQM Indexes announces the latest in its suite of Thematic Indexes, the MUSQ Global Music Industry Index with the index ticker “MUSQIX.” The Index offers exposure to “All Things Music” — holding global, publicly traded companies and royalty funds with a core business interest in the global music industry. Global music industry market segments held include music streaming, music content and distribution, live music events and ticketing, satellite and broadcast radio, and music equipment and technology.
Index components are weighted according to their U.S. market capitalization and liquidity characteristics. There are currently 49 names in the index including Universal Music, Warner Music, Live Nation, Spotify, Sony Music, Hybe, and SM Entertainment.[1]
The index was developed in collaboration with music industry expert David Schulhof, CEO and Founder of MUSQ LLC. Mr. 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.
“The MUSQ Global Music Industry Index is the first and official music industry index to capture the performance of the global music industry. For investors looking for exposure to global music companies across the entire music industry ecosystem, this index provides a convenient solution,” says MUSQ LLC Founder and CEO David Schulhof.
EQM Indexes is also the firm behind other groundbreaking thematic indexes such as Online Retail, Blockchain, and Lithium Battery Technology.
“We are enthusiastic about adding this innovative index to our suite of thematic indexes, providing the opportunity to capture the disruptive growth in the global music industry,” says EQM Indexes CEO Jane Edmondson.
The MUSQ Global Music Industry Index has been licensed by Exchange Traded Concepts as an ETF which is expected to launch soon.
EQM Indexes
EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 30 years in the investment industry, our index design expertise spans a wide range of asset classes and financial instruments. We partner with issuers and work jointly with other index firms to provide benchmarks for Exchange Traded Products (ETPs) such as Exchange Traded Funds (ETFs), Exchange Traded Notes (ETNs), and other similar products. EQM Indexes LLC also assists firms on a fee basis to design and implement their index ideas.
MUSQ LLC
MUSQ LLC is the mastermind behind the MUSQ Global Music Industry Index (MUSQIX), which has been licensed as an ETF. 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.
Source: Businesswire
[1] For a complete list of MUSQ holdings, please click here. Holdings are subject to change.
MUSQ Global Music Industry Index 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.