Exchange Traded Concepts Partners with Qraft Technologies to Launch New High Dividend Artificial Intelligence (AI) Powered ETF

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Mar 09, 2020, 16:00 ET

NEW YORK, March 9, 2020 /PRNewswire/ -- Exchange Traded Concepts, LLC ("ETC"), a leader in providing white-label Exchange Traded Fund (ETF) solutions, in conjunction with Qraft Technologies, announced that it has launched a new ETF as part of the Qraft family of funds, The Qraft AI Enhanced U.S. High Dividend ETF.

The Qraft AI Enhanced U.S. High Dividend ETF is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in dividend paying securities of U.S.-listed companies. The Fund's adviser, Exchange Traded Concepts, LLC , uses an investment process based on a proprietary artificial intelligence security selection process that extracts patterns from analyzing data developed by QRAFT Technologies, Inc.

"We have been working together with ETC in efforts to improve the performance of traditional quantitative investment strategies by applying AI technologies. As our system is ready to compete in the heart of the global financial market, we feel happy but also feel a sense of responsibility for proving AI's capabilities in the world of investing. In the future, we expect AI enhanced products have the potential to become substitutes for broad market indices if we prove it with our technologies. I would like to thank everyone at Qraft and ETC for their hard work," said Hyung-Sik Kim, CEO and co-founder of Qraft Technologies.

"We are thrilled to be working with the Qraft Technologies team to bring this timely and innovative fund to market," said J. Garrett Stevens, CEO of Exchange Traded Concepts. "These funds are actively managed by the AI system AQUA which was developed by Qraft Technologies. Great colleagues and great ideas are the true drivers of ETF success," continued Stevens. "We're very pleased to add HDIV to our growing list of partners and innovative ETF solutions."

About Exchange Traded Concepts (ETC)
Exchange Traded Concepts is the Issuer for the Fund. ETC is a private-label ETF advisor who helps firms launch all types of exchange-traded funds through a complete turnkey solution. ETC's ETF-In-A-Box™ Solution provides an efficient and cost-effective method to bring exchange-traded funds to market. By developing strategic partnerships with veteran ETF service providers, ETC assists investment managers, independent advisors, foreign asset managers, research and index providers and others in navigating the exchange-traded fund launch and ongoing management process with the time-sensitivity and professional guidance essential for maintaining regulatory compliance.

Exchange Traded Concepts, serves as the advisor to the fund, provides a comprehensive portfolio management and trading solution. The team has extensive experience in managing global portfolios combined with broad product development and in-depth capital markets knowledge.

Exchange Traded Concepts Marketing Services, serves as the marketing arm for the fund to create the messaging, communications program and to implement the multi-channel digital marketing plan.

Additional information can be found on the Exchange Traded Concepts' website at www.exchangetradedconcepts.com.

About Qraft Technologies
Qraft Technologies has a long track record of developing innovative AI solutions that have been adopted by major financial institutions and turned into successful AI products and services. Qraft Technologies is continually expanding its business areas not only in capital markets but also in areas such as insurance underwriting, procurement, SCM, etc. that can be implemented with sustained efforts in research and development. Qraft provides customized AI services that cover sales, pre-education, system consulting, learning data management & preprocessing, system development & development process management, integration with existing systems and final product delivery.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (888) 123-4589 or visit our website at www.qraftaietf.com. Read the prospectus or summary prospectus carefully before investing.

The Funds are distributed by Foreside Fund Services, LLC
Investing involves risk, including loss of principal. The Fund is subject to numerous risks including but not limited to: Equity Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading Risk. The Fund relies heavily on a proprietary artificial intelligence selection model as well as data and information supplied by third parties that are utilized by such model. To the extent the model does not perform as designed or as intended, the Fund's strategy may not be successfully implemented and the Fund may lose value. Additionally, the fund is non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. As a result, each Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. A new or smaller fund's performance may not represent how the fund is expected to or may perform in the long-term if and when it becomes larger and has fully implemented its investment strategies.

Read the prospectus for additional details regarding risks.

Securities that pay dividends, as a group, may be out of favor with the market and underperform the overall equity market or stocks of companies that do not pay dividends. In addition, changes in the dividend policies of the companies held by the Fund or the capital resources available for such company's dividend payments may adversely affect the Fund. In the event a company reduces or eliminates its dividend, the Fund may not only lose the dividend payout but the stock price of the company may also fall.

SOURCE Exchange Traded Concepts, LLC