Mintiply Capital has made a significant move by buying into GraniteShares’ NVDL ETF, a fund with total net assets of $4.909 billion and a remarkable yield of 12.81%. This transaction marks the largest ETF purchase ever recorded in the GCC, reinforcing Mintiply Capital’s position as the region’s leading buyer of exchange-traded funds (ETFs).
In an exclusive interview with MSN, Mintiply Capital’s investment committee, commented: “This is the biggest ETF transaction in the history of the GCC. We believe in the strength of the ETF industry, which has proven itself as a dynamic solution for investors looking to maximize yield and diversify their portfolios.”
The NVDL ETF is designed to provide twice (200%) the inverse daily performance of NVIDIA Corporation’s stock, utilizing sophisticated financial instruments, including swap agreements. This actively managed ETF offers a unique opportunity for investors to benefit from the daily fluctuations of one of the world’s most influential tech companies.
The ETF industry has witnessed explosive growth in recent years, becoming one of the most dynamic sectors in global asset management. With a cumulative annualized growth rate (CAGR) of 19.8% since 2008, the ETF market reached an astonishing US$11.1 trillion in assets under management (AUM) by the end of 2023. The number of ETF offerings globally has surged, with 9,149 funds available across various asset classes, investment strategies, and geographies. This surge highlights the industry’s ability to cater to an increasingly diverse range of investor needs.
Mintiply Capital Continues to Invest in ETFs
“Mintiply Capital’s ongoing commitment to ETFs is rooted in their belief that these funds represent the future of asset management. ‘ETFs are revolutionizing the financial landscape,’ stated Hasnae Taleb, Managing Partner.” “They allow for greater diversification, are highly cost-effective, and are ideal for investors seeking both growth and risk mitigation. As the ETF industry continues to evolve, we remain focused on leveraging these opportunities for the benefit of our clients, she added.”
The firm views ETFs as a solution for modern investment challenges, providing tailored strategies that can adapt to different market conditions. Mintiply Capital’s investment in GraniteShares’ NVDL ETF is part of a broader strategy to tap into the growth and innovation of this rapidly expanding sector. “As the largest buyer of ETFs in the GCC, we’re not just participating in this growth—we’re driving it forward,” the firm said in a statement.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with us or with any qualified financial advisor before making any investment decisions.