ETF Trends says "data bodes well" for ProShares PAWZ ETF

Key Funds
ETF Trends | August 27, 2019

ETF Trends Todd Shriber says despite a recent decline, the ProShare Pet Care ETF (PAWZ) may offer an investment opportunity due to favorable datapoints underpinning the fund’s investment thesis. He says as more Americans own pets, sales in pet-related industries rise. Quoting ProShares’ Simeon Hyman, “pet ownership has expanded to 84.6 million households—more than double the 35 million households that have children” and “pet care industry sales, which stood at $132 billion globally in 2016, are projected to grow to $203 billion by 2025.” See PAWZ holdings and performance. (Sources: APPA 2017-2018 National Pet Ownership Survey; Grand View Research, March 2018)

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ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.