SPORTS ETFS LAUNCHES INDEX FUND FOR SPORTS FANS; CONSISTS OF OFFICIAL LEAGUE SPONSORS

Looking to invest in sports, but not confident in your ability to select individual equities? SportsETFs has launched a Pro Sports Sponsors Index, consisting of 66 companies that are official sponsors of the 4 major sports leagues. Trading under the symbol (BATS: FANZ), the equally weighted index is a collection of highly recognizable brands including Coca Cola (KO), Pepsi (PEP) and McDonald’s (MCD). With sports media rights set to increase at a compound annual rate of 5.5% through 2020 and with sports sponsorships expected to increase at a compound annual rate of 3.9% over that same time period, the ETF hopes to capitalize on the growth potential associated with pro sports league partners.

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There’s a new way to bet on the companies that bet on sports

Howie Long-Short opines: Interesting idea, but poor execution. Sounds more like Bubba ETF than Sports ETF.

Fan Marino says: I found it noteworthy that NASCAR sponsors were not included. I was looking forward to seeing Carl Long’s marijuana-vaping company, on the list.

Author: John Wall Street

At the intersection of sports & finance.

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