Bringing you live news and features since 2006 

ProShares to launch ETF focussed on USD132 billion pet care industry

RELATED TOPICS​

ProShares is to launch an ETF focussed on the pet care industry. The ProShares Pet Care ETF (PAWZ) will give investors the opportunity to target an industry that stands to benefit from the proliferation of pet ownership and the emerging trends affecting how we treat our pets.

The global pet care market has been estimated at approximately USD132 billion, with strong expectations for growth as both millennials and boomers propel increased spending. Corporate investment interest in the pet care industry has been strong, too. More than 80 mergers and acquisitions have occurred over the previous 12 months, indicating that established companies as well as investors are attracted to this dynamic space. Moreover, the pet care industry has proven itself resistant to economic downturns historically. It has grown steadily every year since 1994, including through the Great Recession.
 
PAWZ tracks the FactSet Pet Care Index. The index consists primarily of companies whose principal business is determined to be pet care related by FactSet, and that meet additional criteria specified in the prospectus. The index currently consists of 22 companies that are equally weighted to provide broad exposure to potential growth within the pet care industry. The index is rebalanced quarterly.
 

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by