Just when you thought you saw every ETF possible, here comes the Whiskey ETF
Another step in the increasingly creative world of ETFs. This one touches on an aspect of our Guilty Pleasure, and while we find it lacking at least it attempts to connect the dots across the whiskey food chain.
ETF Managers Group is releasing an ETF that plans to track the performance of the whiskey and bourbon industry, pending approval by the Securities and Exchange Commission.The ETF will track an index made up of companies “across a wide variety of industries that are involved in the overall ‘Bourbon and Whiskey Economy’,” according to a filing with the SEC. This includes producers of crops that go into the production, the aging of whiskey, by-product management of whiskey products, and more.
Source: Whiskey ETF – Business Insider