The BAD Investment Company Launches Flagship ETF


The large cap fund is designed to offer exposure to companies operating in the betting, alcohol and drug (pharmaceutical) industries. OVERLAND PARK, Kan.–(BUSINESS WIRE)–The BAD Investment Company is pleased to announce the launch of the BAD ETF (NYSE: BAD). The indexed, large cap fund is designed to offer investors equally-weighted exposure to the B.A.D. market segments – betting (casinos, gaming, and online gaming operations); alcohol/cannabis (alcoholic beverage manufacturing and distribution and/or cannabis cultivation and sales); and drugs (pharmaceutical and biotechnology product development and manufacturing) – by providing investment results that closely track the performance, before fees and expenses, of the EQM BAD Index (BADIDX). While the idea for creating funds focused on vice stocks is not new, The BAD Investment Company saw a new opportunity to form a fund around B.A.D. market segments specifically due to the nature of how companies in these market segments are often treated – We believe the vice industry exhibits defensive characteristics (people often continue to do BAD things regardless of economic conditions), yet are often “shunned”, and underinvested segments of the market which has historically provided diversification benefits, economic resilience, and competitive risk-adjusted returns. The BAD ETF also represents an intriguing alternative for a new wave of retail investors who may be frustrated with aspects of the ESG movement. “With the proliferation of whitewashed ESG products and market sub-segments like sports betting and cannabis becoming more widely accepted socially and legally, we saw an opportunity to fill what we perceived as a gap in the marketplace. We came to that conclusion primarily by listening and watching this newly energized retail crowd over the past year,” says Tommy Mancuso, president and co-founder of The BAD Investment Company. “We believe they want investment products rooted in transparency and quality that they may also be able to…

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Source : The BAD Investment Company Launches Flagship ETF

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