ProShares launched a brand new ETF on Friday that invests in firms which can profit from transforma
ProShares launched a brand new ETF on Friday that invests in firms which can profit from transformational adjustments in how we work, deal with our well being, and devour and join—adjustments accelerated by COVID-19.
The ProShares MSCI Transformational Modifications ETF (NYSE: ANEW) supplies entry to firms concerned with a number of of 4 key Transformational Modifications, as decided by MSCI Inc., the index supplier: Way forward for Work, Genomics & Telehealth, Digital Client, and Meals Revolution.
ProShares CEO Michael L. Sapir mentioned many world industries are experiencing speedy transformational adjustments which will provide compelling funding alternatives.
“ANEW is designed to harness the potential development of those firms as they reshape our new world,” Sapir mentioned.
Scott Helfstein, Govt Director, Thematic Investing at ProShares, mentioned the best way folks behave as staff and shoppers is altering—accelerated by COVID-19—and buyers ought to take note of the businesses evolving to fulfill these challenges.
“Take into account the massive image: use of business robots virtually tripled to 2.7 million over the previous decade, the price of sequencing a human genome has dropped 99% in 15 years, and e-commerce grew at an annualized price of 82% in 2020—these are dramatic adjustments,” Helfstein mentioned.
ANEW tracks the MSCI World Transformational Modifications Index, which incorporates U.S., non-U.S., developed, and rising market firms that present services or products related to a number of of the Transformational Modifications. Every Transformational Change is weighted as 25% of the index, and corporations could also be chosen for a couple of Transformational Change. Remaining weights for every firm are topic to a most weight of two.00%.
ProShares now presents one of many largest lineups of ETFs, with greater than $40 billion in property. The corporate is the chief in methods equivalent to dividend development, rate of interest hedged bond and geared (leveraged and inverse) ETF investing.
Learn extra on ETFtrends.com.
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