CHICAGO, May 21, 2024 (GLOBE NEWSWIRE) -- Amplify ETFs announces the launch of the Amplify Weight Loss Drug & Treatment ETF (NYSE: THNR), an index-based ETF offering access to companies at the forefront of developing and marketing GLP-1 treatments.

Over one billion individuals across the globe are now clinically obese, drawing significant attention to the obesity epidemic as a critical public health issue.¹ With the rising global focus on health and wellness coupled with the advances in medical treatments for weight management, THNR offers investors targeted exposure to a rapidly advancing segment of the healthcare market.

Research forecasts that the GLP-1 market could grow to $100 billion by 2030.² The fund represents an opportunity to invest in the forefront of weight loss drug development and production, areas poised for significant growth. “The launch of THNR aligns with our mission to provide innovative thematic investment solutions across new and existing market segments,” said Christian Magoon, CEO of Amplify ETFs.

GLP-1 drugs have been in use to treat diabetes for over a decade. However, recent studies demonstrating a 10-20% reduction in body weight have prompted a massive surge in demand.³ Pharmaceutical companies are now ramping up production to try to capture the demand.

GLP-1 therapies offer hope beyond weight loss by potentially reducing cardiovascular risks, strokes, impulsive behaviors, sleep apnea, and kidney disease. Magoon notes the potentially significant impact GLP-1s may have on overall public health, “We view THNR as not just an investment in high growth pharmaceuticals but as an investment in a healthier future.”

THNR tracks the VettaFi Weight Loss Drug & Treatment Index (the “Index”). The Index includes companies categorized as 'drug manufacturers' and 'enablers'. The Index includes a selection of companies, from those launching or testing GLP-1 agonist drugs to those enabling these crucial medical advancements. Enablers are companies engaged in outsourced development and manufacturing, measurement and analysis, and/or distribution or administration of GLP-1 drugs.

The Index allocates 70% to drug manufacturers and the remaining 30% to enablers, with a weighted float-adjusted market cap for each segment to provide broad exposure and balance. Companies in the drug manufacturer segment that are at the commercial stage or in phase 3 trials are capped at 15%, while those in earlier stages are limited to a 5% weighting. Enablers are capped at 5%. The index is reconstituted and rebalanced quarterly to maintain alignment with the dynamic pharmaceutical landscape.

Investors can learn more about THNR at AmplifyETFs.com/THNR.

About Amplify ETFs
Amplify ETFs, sponsored by Amplify Investments, has over $9 billion in assets across its suite of ETFs (as of 3/31/2024). Amplify ETFs deliver investment opportunities for investors seeking growth, income, and risk-managed strategies across a range of actively managed and index-based ETFs. To learn more visit AmplifyETFs.com.

Sales Contact:
Amplify ETFs
855-267-3837
info@amplifyetfs.com

Media Contacts:
Gregory FCA for Amplify ETFs
Kerry Davis
610-228-2098
amplifyetfs@gregoryfca.com

¹https://www.goldmansachs.com/intelligence/pages/anti-obesity-drug-market.html
² https://www.who.int/news/item/01-03-2024-one-in-eight-people-are-now-living-with-obesity
³ https://www.morganstanley.com/im/en-us/individual-investor/insights/articles/glp1-the-weight-of-speculation.html

Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at AmplifyETFs.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. There can be no assurance that the Fund’s investment objectives will be achieved. The fund is new with limited operating history. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. The Fund invests in securities included in its Index regardless of their investment merit and may experience tracking error: the differences in timing of trades, valuation, plus fees and expenses between fund and index. 

A non-diversified fund can invest a greater portion of its assets in securities of individual issuers which could cause greater fluctuations than a diversified fund. A narrowly focused portfolio concentrated in the pharmaceutical industry or healthcare sector, may exhibit higher volatility and be vulnerable to factors affecting them due to regulation, litigation, costs and competition. Small and/or mid-capitalization companies may be more vulnerable to adverse general market or economic developments. Securities issued by foreign companies present risks beyond those of securities of U.S. issuers.

Amplify Investments LLC serves as the investment adviser to the Fund. Penserra Capital Management LLC serves as the investment sub-adviser to the Fund.

Amplify ETFs are distributed by Foreside Fund Services, LLC.