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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
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  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Chart-Topping Launch: MUSQ Global Music Industry ETF Makes its Debut on the New York Stock Exchange

MUSQ Offers Investors a Front Row Seat to the Growing Music Industry

MUSQ, LLC today announces the launch of the MUSQ Global Music Industry ETF (NYSE: MUSQ), a cutting-edge exchange-traded fund designed to offer investors pure-play exposure to the global music industry.

The MUSQ ETF offers investors a way to align their portfolios with the entire music industry ecosystem, including streaming services (34.2%), content and distribution (35.3%), live events and ticketing (9.47%), satellite and broadcast radio (7%), as well as music equipment and technology (13.17%). The ETF tracks the MUSQ Global Music Industry Index (MUSQIX), administered by EQM Indexes. Holdings in the fund include Universal Music, Warner Music, Live Nation, Spotify, Sony Music, Hybe, and SM Entertainment.*

David Schulhof, Founder and CEO of MUSQ, LLC, and a music industry veteran, shares, “The MUSQ Global Music Industry ETF capitalizes on the global affinity for music. By opening doors to a diversified portfolio of companies critical to the music industry, we are facilitating investors' access to the industry's ongoing growth and innovation.”

The global music industry has come a long way since the days of the phonograph in 1877. Today, the industry is experiencing a renaissance, fueled by the advent of digitization, AI, social media, and streaming platforms. In addition, the music industry represents an attractive global growth opportunity with the development of new monetization methods, rising global paid streaming penetration, as well as the resurgence of live music events post-pandemic. Goldman Sachs predicts the industry's revenue will reach an impressive $53.2 billion by 2030, growing at a compound annual rate of 12%.**

David Schulhof is a seasoned music industry investor and executive with a notable track record, including former positions as President, Music Publishing at LiveOne, President of IM Global Music, and President of Music at AGC Studios. He was also the co-founder and CEO of Evergreen Copyrights which was sold to BMG Rights Management.

MUSQIX follows a well-structured methodology based on market capitalization. Components are weighted with a maximum initial weight of 7%, ensuring a balanced portfolio. The index also takes liquidity into account and is rebalanced quarterly.

For more information on the MUSQ Global Music Industry ETF, please visit www.musqetf.com

ABOUT MUSQ LLC

MUSQ LLC is the mastermind behind the MUSQ Global Music Industry Index (MUSQIX), and the MUSQ Global Music Industry ETF (NYSE: MUSQ). MUSQ LLC’s founder and CEO, David Schulhof, is an experienced music investor and operator with more than 25 years of investing and operating public and private companies in the music and entertainment industry.

For more information, please contact info@musq.com

*For a complete list of MUSQ holdings and sector breakdown, please click here. Holdings subject to change.

** Source: Yang, Lisa, et al, Music in the Air, Goldman Sachs Equity Research, June 13, 2022

MUSQ Global Music Industry ETF is offered by prospectus. Carefully consider the investment objectives, risks, charges, and expenses. This and other important information can be found in the MUSQ ETF prospectus, which should be read carefully before investing and can be obtained here or by calling 1-888-687-7383.

Risk Disclosures

There is no guarantee the Fund will achieve its stated objectives.

In addition to the normal risks associated with investing, international investments may involve the risk of capital loss from unfavorable fluctuation in currency values, differences in generally accepted accounting principles or social, economic or political instability in other nations.

Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

In addition to the normal risks associated with investing, investments in small- or mid-capitalization companies typically exhibit higher volatility.

The Fund’s concentration in an industry or sector can increase the impact of, and potential losses associated with, the risks from investing in those industries/sectors.

The Fund is non-diversified.

The Fund is new and has a limited operating history for investors to evaluate. A new and smaller fund may not attract sufficient assets to achieve investment and trading efficiencies.

The Fund may invest in securities denominated in foreign currencies. Because the Fund's NAV is determined in U.S. dollars, the Fund's NAV could decline if currencies of the underlying securities depreciate against the U.S. dollar or if there are delays or limits on repatriation of such currencies. Currency exchange rates can be very volatile and can change quickly and unpredictably.

All investing involves risk, and asset allocation and diversification do not guarantee a profit or protection against a loss. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, might be worth more or less than their original cost. ETFs are subject to risks similar to those of stocks, as well as other risks specific to the particular ETF.

ETF shares are traded on exchanges, and are traded and priced throughout the trading day. ETFs permit an investor to purchase a selling interest in a portfolio of stocks throughout the trading day. Because ETFs trade on an exchange, ETF shares are bought and sold at market price (not NAV). The prices of ETFs may sometimes vary significantly from the NAVs of a ETFs’ underlying securities. Brokerage commissions will reduce returns.

Exchange Traded Concepts, LLC serves as the investment advisor. The Funds are distributed by SEI Investments Distribution Co., which is not affiliated with Exchange Traded Concepts, LLC or any of its affiliates.

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