NEW YORK, Feb. 12, 2018 /PRNewswire/ — Innovation Shares LLC, a sponsor of unique thematic Exchange Traded Funds, announced today that it anticipates that the Innovation Shares NextGen Vehicles & Technology ETF (EKAR) will begin trading on the NYSE Arca on Tuesday, February 13^th.

EKAR’s underlying index was constructed utilizing a natural language processing algorithm that screens for global stocks that have exposure to the theme of electric and self-driving/autonomous vehicles.

By harnessing the potential of textual analysis and artificial intelligence to drive a sentiment-based selection approach, stocks are identified that might otherwise be overlooked by traditional analytical research.

The same AI driven patent-pending indexing approach also underpins the Innovation Shares NextGen Protocol ETF (KOIN), which provides exposure to companies poised to benefit from blockchain technology. 

Exchange Traded Concepts will serve as the advisor for EKAR and serves as the advisor for KOIN.

About Innovation Shares LLC
Innovation Shares focuses on themes that investors are talking about but have a hard time accessing. The real innovation behind its strategy is the AI powered natural language processing algorithm used to select stocks, which was developed at one of the world’s largest quantitative hedge funds. By harnessing the potential of textual analysis, companies are identified that might otherwise be overlooked by traditional analytical research.

About Exchange Traded Concepts
Exchange Traded Concepts (ETC) is an exchange-traded fund (ETF) provider that creates white label ETFs for index providers and asset managers around the world 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 with the operational and regulatory experience necessary to manage the complexities of launching and managing an ETF. 

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by visiting innovationshares.com. Investors should read it carefully before investing or sending money.

Investing involves risk, including possible loss of principal.  ETF Shares are bought and sold at market price, not net asset value (NAV), and are not individually redeemed from the Fund.

Exchange Traded Concepts, LLC serves as the investment advisor, and Penserra Capital Management LLC serves as the sub-advisor to the fund. The Funds are distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA, 19456), which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

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SOURCE Innovation Shares LLC