Exponential ETFs passes USD500m in AUM

Exponential ETFs, an asset management firm that uses technology and automation to provide trading and operational services to ETF issuers, has surpassed USD500 million in assets under management (AUM) across 14 funds.

The AUM milestone comes as Charles Ragauss, Managing Director, is promoted to the newly created position of Chief Operating Officer. In his new role, Ragauss will continue to oversee and manage the day-to-day operations of the firm, including its proprietary strategies and portfolio management sub-advisory business. Meanwhile, Josh Blechman, Director of Capital Markets, is being promoted to Managing Director and will oversee the firm’s expansion of its capital markets service offerings.

"As asset managers face increasing margin pressure, we will continue to find ways to bring efficiencies and automation to the operational and portfolio management functions so that our partners can continue to provide their clients with differentiated investment strategies," says Phil Bak, Founder and CEO of Exponential ETFs. "USD500 million in AUM speaks to the hard work of Charles, Josh and the entire Exponential team, and what they have been able to accomplish for our company and our clients."

Exponential ETFs offers two proprietary fund strategies, including the American Customer Satisfaction ETF (ACSI), which is based upon the research of Dr Claes Fornell, and the Reverse Cap Weighted US Large Cap ETF (RVRS) (collectively, ETF) in addition to 12 sub-advised funds. The company also announced in September the launch of Detroit Invests in You, a financial educational program, which seeks to promote financial literacy, education, wellness and proficiency within the Detroit community.

"The milestones that Exponential has achieved in such a short time are a reflection of the caliber and passion of my colleagues," says Ragauss. "We believe Exponential’s proprietary and automated processes bring significant efficiencies to our clients. The most exciting part is that it is happening right here in Detroit."