XShares Advisors LLC announced it has entered into an agreement with a consultant and adviser to the gaming and entertainment industry to develop exchange traded funds (ETFs) based on the equity and debt of the gaming industry. The company is Luciani & Associates LLC of Atlantic City, N.J. David Hoffman of InvestmentNews clarifies the gaming industry is composed of companies engaged in the operation of hotels, casinos and resorts; the design and manufacture of gaming equipment; horse-racing; lotteries; and on-line games.
I spent some time with Jeff Feldman, Co-Founder of XShares at a recent ETF conference in Miami. Feldman enthusiastically explained that XShares is focused on providing and developing creative and innovative ETFs through the licensing of intellectual property with distinctive partners. Recently XShares has introduced ETFs addressing specific areas in healthcare. The latest venture involves ETFs focused on carbon emission credits.
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