{"id":4203,"date":"2018-11-06T15:37:52","date_gmt":"2018-11-06T23:37:52","guid":{"rendered":"https:\/\/todaysveterinarybusiness.com\/?p=4203"},"modified":"2022-03-07T19:34:47","modified_gmt":"2022-03-07T19:34:47","slug":"new-fund-invests-in-booming-pet-industry","status":"publish","type":"post","link":"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/new-fund-invests-in-booming-pet-industry\/","title":{"rendered":"New fund invests in booming pet industry"},"content":{"rendered":"

How would you like to own a small piece of Idexx Laboratories, Dechra Pharmaceuticals and PetMed Express?<\/p>\n

The Bethesda, Maryland, firm ProShares on Nov. 5 launched an exchange-traded investment fund called Pet Care ETF. Shares of Idexx<\/a>, Dechra<\/a>, PetMed Express<\/a> and about 20 other pet-related companies are among the initial holdings.<\/p>\n

ProShares called Pet Care ETF the first of its kind in the pet care industry.<\/p>\n

An exchange-traded investment fund is similar to a mutual fund but is traded on stock exchanges. The website Investopedia.com calls an ETF \u201ca marketable security that tracks a stock index, a commodity, bonds or a basket of assets.\u201d<\/p>\n

ProShares reported the new ETF arose from investor interest in the rapidly expanding global pet industry.<\/p>\n

\u201cPet owners are spending billions on premium-quality foods, state-of-the-art health care, insurance policies, luxury services and more,\u201d said Michael L. Sapir, co-founder and CEO of ProShare Advisors LLC. \u201cIt\u2019s causing a new pet care economy to emerge that could reach $203 billion by 2025. With PAWZ, we\u2019re giving investors broad exposure to this emerging industry in a single ETF.\u201d<\/p>\n

PAWZ is the fund\u2019s trading symbol.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pet Care ETF is unique, according to ProShares.<\/p>\n","protected":false},"author":45,"featured_media":4205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"iawp_total_views":0,"footnotes":""},"categories":[90],"tags":[],"class_list":["post-4203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-online","column-news","clinical_topics-news"],"acf":{"hide_sidebar":false,"hide_sidebar_ad":false,"hide_all_ads":false},"yoast_head":"\nNew fund invests in booming pet industry | Today's Veterinary Business<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New fund invests in booming pet industry\" \/>\n<meta property=\"og:description\" content=\"An exchange-traded investment fund called Pet Care ETF holds shares of Idexx, Dechra, PetMed Express and about 20 other pet-related companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/new-fund-invests-in-booming-pet-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"Today's Veterinary Business\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/todaysveterinarybusiness\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-06T23:37:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-07T19:34:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/navc.sitepreview.app\/todaysveterinarybusiness.com\/wp-content\/uploads\/sites\/2\/2018\/11\/Cash-Dog.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"732\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Louise S. 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