Simplify NEXT Intangible Core Index ETF (NXTI)
Simplify NEXT Intangible Core Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Las Vegas, NV, US. The stock last traded at $36.31, up 0.69% on the session, giving a market capitalisation of $41.8M. Its beta of 0.95 implies it has historically moved less than the broad market.
The Simplify NEXT Intangible Core Index ETF (NXTI) aims to mirror the investment performance of the NEXT Intangible Core Index, prior to accounting for its fees and operational costs. This underlying index is designed to pinpoint companies within each industry that exhibit a substantial proportion of intangible capital relative to their tangible book assets. The foundational research that guided the index's creation indicates that businesses heavily reliant on intangible capital, as opposed to tangible book assets, tend to deliver superior financial results over extended periods when compared to those with less intangible asset concentration.
Simplify NEXT Intangible Core Index ETF is most often compared with the following Financial Services names: