Exchange Traded Concepts Announces Launch of Core 16's CORE16 Best of Breed Premier Index ETF (BOBP) on the U.S. Market
NEW YORK, May 21, 2025 /PRNewswire/ -- Exchange Traded Concepts (ETC), a leader in providing innovative ETF solutions, has announced the launch of the CORE16 Best of Breed Premier Index ETF (BOBP). BOBP is designed to measure the performance of 50 securities selected from the U.S. large-cap universe using CORE16's proprietary algorithm.
The BOBP ETF tracks the CORE16 Best of Breed Premier Index, a systematic index built to identify optimal buying and selling points within U.S. large-cap equities. The ETF seeks to track the Index, which aims to identify 50 securities with favorable near- to medium-term capital appreciation potential based on their equity skewness. Equity skewness measures how a stock's returns are distributed to describe if returns are more likely to be higher or lower than an average return.
"We are excited to partner with CORE16 to bring the CORE16 Best of Breed Premier Index ETF (BOBP) to the U.S. market," says J. Garrett Stevens CEO of Exchange Traded Concepts. "This launch represents an exciting expansion of CORE16's presence in the U.S. with an ETF that incorporates CORE16's Best of Breed methodology. We are committed to helping innovative investment strategies reach new investors, and we're proud to support the introduction of BOBP."
"With great enthusiasm, we announce the introduction of the CORE16 Best of Breed Premier Index ETF (BOBP) to the U.S. market. This initiative presents an opportunity to provide U.S. investors with a rules-based index that adjusts its composition in response to market indicators and conditions. We extend our gratitude to Exchange Traded Concepts for facilitating the listing of this ETF on the NYSE Arca platform," said David Cho (Cho Yun Nam, CFA), CEO of Core16 and former Chairman of the CFA Korea Association.
About Exchange Traded Concepts (ETC)
Exchange Traded Concepts is an SEC-registered independent investment adviser that specializes in white-label ETFs and offers comprehensive ETF services spanning ETF-in-a-Box, ETF portfolio management, fund marketing and consulting. ETC provides the trust, board, and decades of experience to offer a variety of asset managers (offering alternative products, SMAs, or mutual funds) and others an efficient, cost-effective means to leverage the benefits of the ETF wrapper. Learn more at exchangetradedconcepts.com.
About CORE16, Inc.
CORE16, Inc., based in Seoul, develops quantitative investment strategies focused on identifying optimal stocks using proprietary AI. The firm's algorithms analyze historical events and market trends to systematically determine when to enter and exit investments, directly targeting improved returns. CORE16's mission is to change traditional investing practices by replacing speculation with quantifiable, algorithm-driven decisions.
BOBP is now listed on the NYSE Arca and available for trading. For more information, visit www.core16etf.com.
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 1-833-462-3466 or visit our website at www.core16etf.com. Read the prospectus or summary prospectus carefully before investing.
Asset allocation strategies do not ensure a profit and do not protect against losses in declining markets.
Investment returns will fluctuate and are subject to market volatility, so that an investor's shares, when redeemed or sold, may be worth more or less than their original cost. Shares of ETFs are bought and sold at market price (closing price) not net asset value (NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
Exchange Traded Concepts, LLC serves as the investment advisor of the funds. SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA 19456) serves as the Fund Distributor for the BOBP ETF, which is not affiliated with Exchange Traded Concepts, LLC, or any of its affiliates.
Risk Disclosures:
Investing involves risk, including possible loss of principal. There is no guarantee the Fund will achieve its stated investment objectives. The fund is subject to risks including, but not limited to, passive investment risk, index tracking risk, authorized participant concentration risk, cybersecurity risk, equity investing risk, and large-capitalization risk. The Fund will be concentrated in an industry or a group of industries. This may subject the Fund to greater market risk than a fund that is more broadly diversified. BOBP is non-diversified.
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SOURCE Exchange Traded Concepts, LLC