Love whisky? Play the market? A Whiskey & Spirits ETF for ya

on 19/10/16 at 12:23 pm

Booze News

fsoc5The ETF Managers Group and Spirited Funds recently rolled out a first-of-its-kind ETF that targets companies that produce alcoholic beverages. The Spirited Funds/ETFMG Whiskey & Spirits ETF covers publicly traded companies across the globe that are engaged in the production of whiskey and/or spirits. According to the prospectus, the initial universe of Index constituents consists of “companies that are whiskey and/or spirits distilleries, breweries, and vintners, and related luxury goods companies engaged in the sale of whiskey or the production and sale of mixers for use with premium spirits.” The index excludes stocks that have a market capitalization of less than $100 million, insufficient liquidity, have been listed on an exchange recently, or are not listed on a developing or emerging markets exchange. Companies are also classified as ‘Core’ or ‘Non-Core.’ Core companies would include those that operate a whiskey distillery and are primarily engaged in the production of whiskey and/or spirits, while non-core are those that are not categorized as core, with each core company having a weight of at least 4.9%, and each non-core company not exceeding 4.9%. As of September 22, 2016, the Index had 23 constituents, 20 of which were foreign companies, and the three largest stocks and their weightings were Diageo (24.21%), Pernod Ricard (10.52%), and Thai Beverage (6.07%).

Stock symbol: WSKY

SOURCE: Read more at Forbes