ETF BAD Debuts With A Focus On Cannabis Stocks, Gambling And Alcohol

Listed Funds Trust is debuting the BAD ETF (BAD) on Wednesday to target an index focused on gambling, alcohol and cannabis stocks, reported Bloomberg.

The ETF will track companies that make most of their cash from selling alcohol, cannabis, casinos or gaming, as well as developing pharmaceutical products. “We don’t think social stigma should be a primary factor when it comes to deciding what’s a good investment,” said Tommy Mancuso, president and founder of the BAD Investment Company, which owns the EQM BAD Index that BAD will track.

The new ETF aims to track the EQM BAD Index, which is +13.5% year-to-date and has 57 holdings led by AbbVie Inc. ABBV, Ambev S.A. ABEV and Aurora Cannabis ACB, reported Seeking Alpha.

BAD will also presumably compete for market share against the AdvisorShares Vice ETF VICE, which has a similar focus. A critical difference between the two is that BAD has an expense ratio of 0.75%, while VICE has an expense ratio of 0.99%.

Image Via El Planteo. 

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksSmall CapMarkets
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Top Cannabis Event In New Jersey

Join the Benzinga Cannabis Market Spotlight in New Jersey on June 17th! Grow your business, raise money and capitalize on the booming NJ recreational market. Don’t miss this must-attend event in New Brunswick. Secure your tickets now. Very few spots are left. Use the code "JAVIER20" for 20% off!