What You Need to Know
- Listed Funds Trust is planning to create a passive product that will track an index of betting, alcohol and drug companies.
In an investing world seemingly obsessed with doing good, one exchange-traded fund issuer is looking to profit from the not-so-good.
Listed Funds Trust is planning to create the B.A.D. ETF, a passive product that will track an index of betting, alcohol and drugs companies, according to a Monday filing.
The gauge, developed by Thematic Investments LLC, includes U.S.-listed stocks as well as American Depositary Receipts and Global Depositary Receipts from both developed and emerging markets.
It will comprise companies that make most of their cash from casinos or gaming, making or selling alcohol or cannabis, and developing pharmaceutical products, the filing said.
The fund, which does not yet have a ticker, will have an expense ratio of 0.75%.