Anti-ESG ETF BAD debuts, with focus gambling, alcohol, and cannabis
Yesterday, The BAD Investment Company announced the launch of the $B.A.D. ETF(BAD.US$. The indexed large-cap fund is designed to offer investors equally weighted exposure to the "BAD" market segments — betting (casinos, gaming, and online gaming operations), alcohol/cannabis (alcoholic beverage manufacturing and distribution and/or cannabis cultivation and sales), and drugs (pharmaceutical and biotechnology product development and manufacturing) — by providing investment results that closely track the performance, before fees and expenses, of the EQM BAD Index (BADIDX).
With the proliferation of whitewashed ESG products and market sub-segments like sports betting and cannabis becoming more widely accepted socially and legally, we saw an opportunity to fill what we perceived as a gap in the marketplace. We came to that conclusion primarily by listening and watching this newly energized retail crowd over the past year.”
--- said Tommy Mancuso, president and founder of the BAD Investment Company, which owns the EQM BAD Index that BAD will track.
--- said Tommy Mancuso, president and founder of the BAD Investment Company, which owns the EQM BAD Index that BAD will track.
“We believe they want investment products rooted in transparency and quality that they may also be able to understand and relate to as consumers whether that is in health, wellbeing, or entertainment.”
--- Tommy Mancuso added.
--- Tommy Mancuso added.
The fund's launch comes amid a frenzy of ESG-fund debuts. In December alone, $Goldman Sachs(GS.US$, $Bank of New York Mellon(BK.US$, $JPMorgan(JPM.US$ and Cathie Woods Ark Investment Management have introduced ETFs with sustainable tilts. (ESG ETF![]()
: $GOLDMAN SACHS FUTURE PLANET EQUITY ETF(GSFP.US$, $BNY MELLON SUSTAINABLE INTERNATIONAL EQUITY ETF(BKIS.US$ , $JPMORGAN CLIMATE CHANGE SOLUTIONS ETF(TEMP.US$, $ARK TRANSPARENCY ETF(CTRU.US$ )
Top 15 Holdings of BAD
Our mission is to position ourselves in a unique manner compared to most fund management companies. It's our opinion that we don't think or dress like the typical 'suit,' but are fully capable of harnessing the expertise and insights of Wall Street to provide strategically designed investment products.”
--- Tommy Mancuso said.
--- Tommy Mancuso said.
The expense ratio of BAD will be 0.75%.
Do you perfer ESG ETF or this anti-ESG ETF?
Source: The BAD Investment, Businesswire, Bloomberg
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