On Wednesday, Roundhill Investments launched the Ro
On Wednesday, Roundhill Investments launched the Roundhill MVP ETF (NYSE: MVP), the primary ETF designed to put money into skilled sports activities groups and leagues. Following the launch of MVP, which comes simply earlier than March Insanity, the agency could have a collection of 5 ETFs with a mixed AUM of over $650 million.
Roundhill co-founder Will Hershey commented: “We’re excited concerning the launch of MVP, which is able to permit on a regular basis traders to personal stakes in sports activities groups they know and love. The skilled sports activities business had a troublesome yr in 2020, however we’re assured {that a} profitable vaccine rollout will carry followers again to stadiums worldwide.”
MVP holdings consist {of professional} sports activities groups (New York Knicks, New York Rangers, Atlanta Braves, Manchester United (NYSE: MANU), Juventus, Borussia Dortmund, AS Roma), skilled sports activities leagues (Components One and WWE), and corporations inside the sports activities media and sports activities attire sectors (Nike, Puma, Adidas, and MSG Networks).
“Skilled sports activities groups and leagues are premium, scarce property which have a powerful report of worth appreciation. With the launch of MVP, we’re enthusiastic concerning the alternative to offer traders with the power to speculate on this asset class. Everybody has the chance to be an proprietor with MVP,” stated Joe Pompliano, MVP ETF companion and founding father of sports activities enterprise media model Huddle Up.
The launch of MVP follows the profitable launches of the Sports activities Betting ETF (BETZ), the Esports ETF (NERD), and the Streaming ETF (SUBZ).
Roundhill Investments is a registered funding adviser and ETF sponsor centered on thematic and sector-specific investing. Their purpose is to create considerate funding merchandise designed to assist traders specific their imaginative and prescient of the long run.
To be taught extra about MVP ETF and for the total record of holdings, please go to www.roundhillinvestments.com.
For extra market tendencies, go to ETF Traits.
Learn extra on ETFtrends.com.
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.