Photo by Gonzalo Fuentes/Reuters
Bloomberg reports on this.
Given that the U.S. ETF market offers plenty of options for those looking to increase their exposure to the business of history’s first dollar trillionaire, the situation clearly demonstrates a trend toward an active shift from broad-based instruments to funds that reflect increasingly specific investment views, such as avoiding investments in assets owned by specific individuals.
The authors of the article note that in light of recent market developments—particularly the example of SpaceX’s IPO, the largest in history—we are witnessing another round of the “long-standing race to turn any opinion about Musk into tradable financial instruments.”
“The new offerings will allow investors to own virtually the entire portfolio of the underlying index while simultaneously expressing a specific stance toward a single individual,” the journalists state.
