Innovative ETF issuer, ETFMG (ETF Managers Group), together with their partners at BlueStar Indexes®, leading research-driven provider of custom financial indexes, is happy to announce the BlueStar Israel Technology ETF (NYSE Arca: ITEQ) has surpassed a significant milestone of $100 million in assets under management. ITEQ®, which debuted in 2015, is the first ETF to comprehensively target innovative companies in the Israeli tech industry.

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Crossing the $100 million mark is confirmation for ITEQ® that investors are responding to Israel’s ever-growing technology landscape, one maintained by the growth of cybersecurity and artificial intelligence as drivers of technology sector performance. In the past year, ITEQ® is up and continues to beat the MSCI EAFE Index, of which Israel is a small part.

“We are proud that the BlueStar Israel Technology ETF has surpassed the key $100 million asset level, as investors increasingly discover the public companies powering the vibrant Israeli innovation ecosystem – the largest outside of Silicon Valley. The ITEQ® ETF provides exposure to the complete universe of Israeli tech stocks listed worldwide,” says Steven Schoenfeld, Founder of BlueStar Indexes®. “ITEQ®’s success in the U.S. ETF marketplace is strongly reinforced by the broad acceptance of its BlueStar BIGITech® benchmark by Israeli domestic investors where it is the primary index for Israeli tech stocks," he continued. “The 59 leading companies within BIGITech® each play a vital part in the disruptive role that Israeli technology serves in transforming our world, making our lives safer, more productive and healthier.”

“We are very happy to celebrate this significant milestone with our longstanding partners at BlueStar Indexes®. ITEQ®’s success is continued proof of the ETF wrapper and the outstanding growth we have seen in the ETF industry in the past few years,” says Sam Masucci, CEO and Founder of ETFMG. “ITEQ® is uniquely positioned in the market as investors are looking to thematic investing as one that can potentially lead to better long-term returns. We are hopeful for ongoing success with our partners as Israel continues to dominate the global tech space.”

ITEQ® tracks the BlueStar Israel Global Technology Index™, (BIGITech®), the flagship benchmark for Israeli technology stocks, which includes 59 Israeli companies listed on seven exchanges worldwide. BIGITech® is also tracked by three Israeli-listed index products with more than $130 million in assets. In tracking BIGITech®, ITEQ® provides diversified exposure to the disruptive technology themes of the future, including Biotech, artificial intelligence, autonomous driving, CleanTech, DefenseTech, medical devices, cybersecurity, Agri-Tech and more.

ITEQ inception: 11/2/15 Expense Ratio: 0.75%
MSCI EAFE Index Inception: 3/31/86

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. All performance is historical and includes reinvestment of dividends and capital gains. Performance data current to the most recent month end may be obtained by calling 1-844-ETF-MGRS (1-844-383-6477).

For more information on ITEQ®, please visit www.etfmg.com/ITEQ

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 calling 1-844-ETF-MGRS (1-844-383-6477), or by visiting www.etfmg.com/ITEQ. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility. Investment in securities of Israeli companies involves risks that may negatively affect the value of your investment in the Fund. Among other things, Israel’s economy depends on imports of certain key items, such as crude oil, coal, grains, raw materials and military equipment. Foreign investing involves special risks such as currency fluctuations and political uncertainty. Funds that invest in smaller companies may experience greater volatility. Funds that emphasize investments in technology generally will experience greater price volatility.

ITEQ seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the BlueStar Israel Global Technology Index™(BIGITech®), which tracks the performance of exchange-listed Israeli technology operating companies. The MSCI EAFE Index is an equity index which captures large and mid cap representation across 21 Developed Markets countries* around the world, excluding the US and Canada. It is not possible to invest directly in an index.

ETF Managers Group LLC is the investment adviser to the fund.

The fund is distributed by ETFMG Financial LLC. ETF Managers Group LLC and ETFMG Financial LLC are wholly owned subsidiaries of Exchange Traded Managers Group LLC (collectively, "ETFMG"). ETFMG Financial LLC is not affiliated with BlueStar Indexes®. Sam Masucci is a registered representative of ETFMG Financial.

About ETFMG

ETFMG is a provider of exchange-traded funds (ETFs), founded in 2014 with a vision of developing innovative thematic ETFs that provide investors unique exposure to new markets. Today, the ETFMG fund line up provides access to a diverse collection of global themes and is comprised of 75% first to market products. We turn portfolio management strategies into successful ETFs by partnering with market segment experts to bring long-term growth opportunities to investors. ETFMG funds are proof as to the power of the ETF wrapper and that thematic products can have a place in investors’ portfolios. For more information, please visit www.etfmg.com.

About BlueStar Indexes®

BlueStar® is a research-driven provider of financial indexes, based in the US and rooted in the Israeli market, focused on serving the needs of growing ETF and index mutual fund issuers around the world. BlueStar also produces proprietary data sets and model portfolios used by asset managers ranging from SMA managers to financial advisers.

BlueStar partners with its clients to deliver thoughtfully-designed proprietary and custom strategies ranging from Israel and other regional opportunities, to technology themes disrupting the global economy. As of end-January 2019, more than 25 ETFs and index funds representing approximately $750 million in assets tracked BlueStar benchmarks

While it is not possible to invest directly in an index, there are ETFs and mutual funds that track the performance of BlueStar’s indexes. These investment vehicles are currently offered in the US and Israeli markets. If you believe our indexes or data sets can add value to your business, or our insights can help in your investment process, please visit www.BlueStarIndexes.com

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