PR Newswire·May 8, 2026, 3:59 AM ET

Hexis Capital Management Launches the Hexis Active Nicotine Engagement ETF on the New York Stock Exchange

Hexis Capital Management launched the Hexis Active Nicotine Engagement ETF (NYSE: NICO) on May 6, 2026, combining global tobacco & nicotine sector exposure with an engagement program to accelerate transition to reduced-risk products.
The actively managed fund charges a 0.70% management fee, is sub-advised by Penserra Capital Management, & distributed by Quasar Distributors, LLC.
The fund's core strategy utilizes the proprietary Hexis Nicotine Transition Score (HNTS), which evaluates companies on 27 indicators including AI-supported metrics like patent filings & hiring trends.
HNTS methodology was independently reviewed by ACA Ethos & is integrated into portfolio construction & the structured engagement program.
The engagement program is designed by Tim Youmans & overseen by the independent Harm Reduction Stewardship Council chaired by Dr. Derek Yach.
The fund intends to pay quarterly dividends from net investment income & distribute all net realized capital gains at least annually in cash.
Hexis Capital Management is an SEC-registered adviser with leadership combining over 60 years of tobacco sector research & over 50 years of ETF & asset management experience.
The fund is non-diversified, concentrated in tobacco & nicotine industries, carries significant risks, & has limited operating history as a recently organized entity.