March Madness – A Sports ETF!
March 31st at 1:39am by Tom Lydon
There are exchange traded funds (ETFs) that focus on our health, with HealthShares, but what about the sports industry? Today is the day for semifinals in the NCAA Basketball tournament and I’m sure there are lots of people watching this game – maybe more than watch their ETF portfolio. With all the money that goes into the sports industry – players, games, souvenirs, broadcasting, spokespeople, etc. – surely there could be an ETF holding all the companies that make up this industry. Sure there is PowerShares Dynamic Leisure and Entertainment (PEJ), but top holdings include McDonald’s (MCD) and Walt Disney (DIS). The creator of the sports ETF could even break it down for sports fans into basketball, baseball, football, etc. Go Team!
