Inherent Wealth Fund, an ETF (Exchange Traded Funds) sponsor focused on thematic and sector-specific investing, announced on Tuesday the launch of iBET Sports Betting & Gaming, the first and only actively managed sports betting & gaming ETF. Inherent Wealth Fund founder, CEO Jeffrey Kamys is bringing more than 15 years of experience in the fantasy sports, sports analytics, and sports world to manage the fund.
Kamys said: “We’re excited about the growth of this industry as more states move toward legalizing sports betting. With the recent announcement and entry of Disney into the sports betting arena, we believe it’s the green light that sports betting in the United States has arrived both on Main Street & Wall Street.”
ETF are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Original article: https://www.yogonet.com/international/news/2021/11/17/60239-first-actively-managed-sports-betting-and-gaming-exchange-traded-fund-launched-by-inherent-wealth-fund
