Listed Funds Trust rolled out its BAD Exchange-Traded Fund (ETF) on Wednesday to mark the 450th launch in the United States so far this year, Bloomberg reported.
The BAD ETF is linked to an index focused on betting, alcohol, and drug firms. It tracks firms involved in selling alcohol or cannabis, casinos or gaming, and developing pharmaceutical firms.
BAD Investment Company President and Founder Tommy Mancuso said the money pours into sectors that have been somewhat shunned but are generally welcomed in everyday life.
Mancuso touted the fund’s transparency, noted that it provides a clear picture of what investors are buying into rather than some exchange-traded funds involved in environmental, social, and governance goals.
The ETF will come with an expense ratio of 0.75%.