LOS ANGELES, CALIFORNIAJan. 6, 2021 / PRNewswire / – ATIF Holdings Limited (Nasdaq: ATIF, the “Group,” “ATIF”, or “we”), a company that provides business consulting and media services in Asia and North America, plans to fully launch the asset Management business in the first quarter of 2021, which is expected to generate stable and sustained high returns for the Group in the future.
in the January 2021ATIF officially relocated its operational headquarters California, USAand introduced a new business model that covers three main sectors: asset management, investment holding and media services. Among the three sectors, wealth management is the group’s new main business and it is expected to offer equity investments and investment advisory services in the US equity markets in 2021.
The Group’s asset management team took its first stake in participations in January 2021 and brought the group ideal results. The asset management team has implemented a unique short-term “liquidity + volatility” trading strategy that focuses on US-China publicly traded American Depositary Receipts (ADRs) and US large-cap stocks. The holding period ranges from a few hours to a few hours a day. This investment strategy aims to provide investors with daily liquidity and is an ideal platform for liquidity management. As reviewed by The Spaulding Group, Inc during the period of January 2nd and November 30, 2020The asset management team achieved gross returns of -8.52%, 22.58%, 7.57% and 27.68% in the first, second, third and fourth quarters of 2020 and achieved a cumulative high gross return of 54.02% for 2020. The Group is currently applying to the Financial Industry Supervisory Authority (FINRA) to qualify for asset management and expects the qualification registration to be completed in January 2021.
After acquiring the asset management qualification, the Group plans to set up a private fund to provide equity and investment advisory services in the US stock markets. The group is currently in the process of submitting applications to the US Securities and Exchange Commission to set up a private fund. The first batch of the private fund is said to amount to $ 50 million and is expected to be approved in the first quarter of 2021, and the second batch of the private fund is expected to amount to $ 100 million and is expected to be approved in the second or third quarter of 2021.
Mr. Pishan Chi, Chairman and Director of ATIF, commented, “Our team’s portfolio investments in 2020 were so successful that we have incorporated asset management into our business model and made it our core business. Next, our team will improve our data analysis and insight into the secondary market and expediting the filing of the asset Management qualificationand then we’ll launch high-yield, high-yield fund products. The US stock market is the world’s most promising stock market and we are confident that this new wealth management business will bring the Group steady income from fund management fees and high-yielding bonuses. We look forward to generating stable and sustainable income for the Group and our shareholders in the near future. “
About ATIF Holdings Limited
ATIF Holdings Limited (“ATIF”), headquartered in Los Angeles, California, is an asset management, investment holding, and media services holding group providing business advice to small and medium-sized businesses in Asia and North America, including IPO advisory services, international business planning and advisory services and financial media services. ATIF operates an internet-based financial advisory platform, IPOEX.com, which provides prestigious membership services including online capital market information, pre-IPO training, and matchmaking services between SMEs and financial institutions. ATIF has advised several companies in China on their plans to go public in the US. Further information can be found at https://ir.atifchina.com/.
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SOURCE ATIF Holdings Limited