MVP: Pro Sports ETF
ETFs or exchange-traded funds can be bought and sold like stocks, and they allow you to invest in sectors, commodities, and other assets. An ETF can be designed to track anything from a single commodity’s price like gold to a broad and diverse group of securities, like an ETF that tracks the S&P 500. ETFs can even be designed to follow particular investment strategies.
After launching a sports betting ETF, BETZ, New York-based investment company Roundhill Investments is introducing a new ETF to the market. On Wednesday, Roundhill Investments launched their new professional sports ETF, MVP. MVP consists of 36 holdings that give investors exposure to the world of professional sports. It focuses on sports teams, apparel and equipment, arenas and professional sports leagues, media and more.
If you’ve ever had ambitions to own a professional sports team but couldn’t quite afford the million and billion-dollar price tags, you’re in luck. MVP ETF partner Joe Pompliana said, “Professional sports teams and leagues are premium, scarce assets that have a strong record of value appreciation. Everyone has the opportunity to be an owner with MVP.”
And yes — you can invest in sports-teams! There are a handful of publicly traded teams, and some of the pro sports teams included in the MVP ETF are the New York Knicks, Atlanta Braves, and Manchester United.
If you could invest in any professional sports team, who would you choose and why?
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.