Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Chicago, June 27, 2024—Amplify ETFs announces June income distributions for its ETFs.

Audio Commentary by Tim Seymour

Audio Commentary by Tim Seymour

COMMENTARY The end of June also wraps up the first half of 2024 and was certainly full of surprises, not unlike a typical year. Investor sentiment shifted from wondering if the rally was sustainable to wondering how high the market could go. In fact, the S&P 500 averaged a new all-time high approximately every four days through the first half of the year. Looking forward, the second half of the year will likely continue to have surprises with an election, potentially the first (or second) rate cut by the Fed and seasonal market forces that should keep investors engaged and likely be full of surprises.

COMMENTARY July has historically been a strong month for the equity markets before seasonal volatility tends to show up in the late Summer and early Fall. While the month got off to a good start, concerns about a slowing economy and softer than expected Q2 earnings started to weigh on investor sentiment. The CBOE Volatility Index (VIX) jumped above 18 at the end of the month, a level not seen since April. Healthy markets don’t go up in a straight line so some level of reaction to the incoming data is welcome. Looking ahead, all eyes will likely remain on the Federal Reserve and incoming economic data to help guide expectations around the economy and overall interest rate policy.

The EQM Natural Resources Dividend Income ETF (NDIV) returned 0.21% in the second quarter (Q2) of 2024 while the Morningstar Global Upstream Natural Resources Index returned only -0.90%.

The Amplify Weight Loss Drug & Treatment ETF (THNR) launched on May 21, 2024. Over that short period of time, the ETF was up 2.7% relative to a negative 1.4% return for the DJ Select Pharma TR Index.

Audio Commentary by Tim Seymour

The Amplify Online Retail ETF (IBUY) declined 4.7% in the second quarter (Q2) of 2024 while the S&P Retail Select Industry Total Return Index returned -4.5%. Over the last year, IBUY is up 3.3% vs. 4.6% for the S&P Select Retail Index.