Strive Asset Management Launches Emerging Markets Ex-China ETF (NYSE: STXE) Amid Growing U.S.-China Tension

Columbus, Ohio–(business wire)–Strive Asset Management (“Strive”) today launched its eighth index fund: the Strive Emerging Markets Ex-China ETF (STXE). STXE is a passively managed ETF that seeks exposure to large- and mid-cap equity securities in 24 emerging market economies, excluding China, providing investors with exposure to emerging markets while mitigating China-related risks. Strive believes China’s authoritarian rule, economic weakness and military posture toward its neighbors, including Taiwan, create meaningful risks for global investors. Strive believes that other large environmental, social and governance (ESG) promoting financial institutions with asset management businesses in China are unable to adequately educate US clients about these risks due to their conflicts of interest in China.

Strive is launching STXE with $100 million from a leading institutional investor. With the launch of STXE, Strive also expands its product offerings to include international exposure to its customers. Strive will advance its pro-excellence agenda by building on Strive’s approach to shareholder engagement and proxy voting in the United States, helping ex-US companies focus on excellence on political or social agendas.

“Asset managers promoting ESG are vocal about investment risks related to board diversity and climate change, but they are conspicuously silent about one of the most immediate investment risks facing all investors: the behavior of Communist China,” notes Vivek Ramaswamy, executive. President and Co-Founder of Strive. “It’s no secret why: They have deep conflicts of interest in China that prevent them from speaking out about these issues or imposing ESG constraints on Chinese companies like they do for American companies. Strive refuses to build an asset management business in China to avoid these conflicts of interest so we can serve our American clients. We can serve as a vocal advocate for excellence.

“With the launch of STXE, we aim to provide opportunities for our clients to invest internationally,” said Anson Fricks, Chairman and Co-Founder of Strive. “We are launching STXE at a moment of heightened cross-strait tensions between the United States, China and Taiwan, We expect these tensions to worsen during Xi Jinping’s unprecedented third term, along with the increased risk of conflict around Taiwan.”

About STXE: Strive Emerging Markets Ex-China ETF (NYSE: STXE , Expense Ratio: 0.32%) Before fees and expenses, the Bloomberg Emerging Markets Ex-China Large and Mid Cap Index seeks to track large- and mid-capitalization equity securities. 24 emerging market economies, excluding China. The benchmark does not pursue any environmental, social, governance (ESG) objectives. Investors can learn more at

About Strive Asset Management: Strive is an Ohio-based firm whose mission is to empower the voices of everyday citizens in the American economy by focusing on excellence in politics by major companies. The company was co-founded in 2022 by Vivek Ramaswamy and Anson Frericks. Learn more at

Important information

Investors should carefully consider the investment objectives, risks, fees and expenses before investing. For a prospectus or summary prospectus containing this and other information about the Fund, please call 855-427-7360 or visit our website at Read the prospectus or summary details carefully before investing.

Investment involves risk. The main disadvantage is possible. Emerging market risk. Investments in securities and instruments traded in developing or emerging markets, or that provide exposure to those securities or markets, may involve additional risks related to political, economic, or regulatory conditions unrelated to investments in U.S. securities and instruments. Foreign investment risk. Returns on investments in foreign securities may be more volatile than those on investments in U.S. securities, or may trail returns. Deposit Receipt Risk. The risks of investing in depository receipts, including American Depositary Receipts (“ADRs”), European Depository Receipts (“EDRs”), and Global Depository Receipts (“GDRs”) are substantially similar to the risks of foreign investments. Investment risk. When you sell your shares of the fund, they may be worth less than what you paid for them. The Fund may lose money due to short-term market movements and during long-term market declines. Risk of large capitalization companies. Large capitalization companies can trail the overall stock market returns. Large-cap stocks typically go through cycles that do better — or worse — than the stock market. Mid-Cap Company Risk. Securities of mid-capitalization companies may be more vulnerable to adverse issuer, market, political, or economic developments than securities of large-capitalization companies. Securities of mid-capitalization companies generally trade in lower volume and are subject to larger and more unpredictable price changes than those of large-capitalization stocks or the stock market as a whole. Some mid-capitalization companies have limited product lines, markets, and financial and managerial resources and tend to focus on fewer geographic markets than large-capitalization companies. Real Estate Investment Trusts (REITs) Risk. A REIT is a company that owns or finances income-producing real estate. Through its investments in REITs, the Fund is exposed to reductions in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, shortages of debt or capital, borrowers or tenants, environmental problems and natural disasters. Investing in REITs can be volatile. REITs are investment vehicles with their own fees and expenses and the Fund will indirectly bear a proportionate share of those fees and expenses. Concentration risk. Following its methodology, the Index may from time to time be concentrated to a significant degree in the securities of issuers located in a single industry or group of industries. To the extent that the Index concentrates on the securities of issuers in a particular industry or group of industries, the Fund may also concentrate its investments to approximately the same extent. By concentrating its investments in an industry or group of industries, the Fund may be exposed to greater risks than if it were broadly diversified across several industries or industry groups. A fund does not focus on a particular industry or group of industries while the index does not focus on a particular industry or group of industries. Passive investment risk. The Fund is not actively managed and the Sub-Adviser will not sell any investment due to the current or anticipated underperformance of a security, industry or sector, unless the investment is removed from the index, sold in connection with rebalancing. As stated in the Index Methodology, or sold to comply with the Fund’s investment limitations (for example, to maintain the Fund’s tax status). The Fund will maintain investments until changes in its index, which may reduce the Fund’s return if the Fund uses an active strategy. Equity investment risk. An investment in the Fund involves the same risks as investing in any fund holding equity securities, such as market fluctuations, changes in interest rates and trends in stock prices. Equity securities may generally decline in value or may underperform other investments. Index calculation risk. The Index relies on various sources of information to evaluate the criteria of the issuers included in the Index, including fundamental information that may be based on estimates and assumptions. New fund risk. The Fund is a newly organized management investment company with a limited operating history. As a result, potential investors have a limited track record or history on which to base their investment decisions.

ESG investing is defined as the use of environmental, social, and governance (ESG) criteria as a set of criteria for a company’s operations that socially conscious investors use to screen potential investments.

Strive Asset Management and Strive ETFs are not affiliated with Quasar Distributors, LLC.

Strive ETFs are distributed by Quasar Distributors, LLC.


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