CARD Profile
The MAX Auto Industry -3x Inverse Leveraged ETN (CARD) is designed to provide investors with -3x the daily return of the Prime Auto Industry Index, a net total return index that tracks stock prices of U.S.-listed companies within the automobile sector. This sector includes automobile manufacturing, parts and retail, and new and used car dealerships. Launched on June 30, 2023, CARD is an exchange-traded note (ETN) that leverages inverse performance tracking, offering a strategic tool for those looking to profit from declines in the broader auto industry. The index selects equities based on market capitalization and weights the portfolio according to liquidity, ensuring a robust and responsive investment vehicle.
Max Financial Services, the issuer of CARD, is a leading financial services firm known for its innovative investment products. Headquartered in New York City, Max offers a broad range of financial instruments including ETNs, ETFs, and mutual funds. The company is committed to providing sophisticated investment solutions that cater to both retail and institutional investors, with a focus on leveraging advanced financial engineering to meet diverse market needs.
Max Financial Services' product lineup is designed to address various market conditions and investment strategies. Their leveraged and inverse ETNs, such as CARD, are particularly popular among investors seeking to capitalize on short-term market movements or hedge existing positions. These products provide amplified exposure to specific sectors or indices, allowing investors to achieve targeted returns with greater precision.
With a strong global presence, Max Financial Services operates in key financial markets across North America, Europe, and Asia. The firm employs a team of seasoned professionals who bring extensive expertise in portfolio management, quantitative analysis, and risk management. Max's commitment to innovation, client service, and rigorous research underpins its reputation as a trusted partner in the financial services industry, continually striving to deliver value and performance for its clients.
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