Assertive News

News, That People Wants

The launch of iBET brings sports betting and gaming to Wall Street

Inherent Wealth Fund, a registered investment adviser specialising in thematic and sector-specific investments, has announced the launch of the first and only actively managed sports and gambling exchange-traded fund (ETF).

The first managed sports and gambling ETF

The iBET Sports Betting & Gaming ETF, an ETF designed specifically for the next generation of investors, trades on NASDAQ and is managed by Inherent Wealth Fund founder and CEO Jeffrey Kamys and his team. Kamys alone has more than 15 years' experience in fantasy sports, sports analytics and the world of sports.

Speaking about the launch of EFT, Kamys noted the excitement about the growth opportunities created by the wave of legalisation of sports betting in the US, citing the recent entry of a Walt Disney subsidiary "into the sports betting arena" as a sign that "sports betting in the United States has arrived on Main Street as well as on Wall Street".

By introducing innovative strategies and solutions for individuals, families and organisations and fully recognising the impact of technological advances on the market, Inherent Wealth Fund aims to stay ahead of the curve, according to its website.

ETF structure and composition

The iBet Sports and Gambling ETF is a new opportunity for investors who are following the rapid expansion of the sports betting industry in the US, which has yet to reach its full potential. The ETF has a diversified structure, with each component of the fund's assets weighing in at less than 4%.

A quick look at the fund shows that the first dozen participants, ranked by their respective weights, include major players in the gaming scene, including land-based casino operators Caesars Entertainment, Las Vegas Sands, Wynn Resorts and Penn National Gaming with assets ranging from 3.72. % to 2.55%.

Leading digital operators DraftKings, Flutter Entertainment, PointsBet, 888 Holdings and Rush Street Interactive, Casino Uden Rofus and gaming technology companies Scientific Games, Evolution and Kambi round out the list with 3.76% to 2.76% weight in the ETF.

The ETF also includes sports media groups Catena Media and FuboTV, real estate investment trust VICI Properties, cybersports supplier Esports Technologies and international casino operators such as The Star Entertainment Group, Melco Resorts and Crown Resorts.

Disclaimer

Warning investors that they should carefully consider their investment objectives before embarking on any investment, as it involves risks, including possible loss of principal, the Sovereign Wealth Fund has indicated that the ETF holdings do not constitute any offer or recommendation to buy and are subject to change.

ETF trading is market-based and does not necessarily reflect net asset value, as shares may trade at a premium or discount to their NAV in the secondary market, while commissions for intermediaries may further affect investor returns.

 

Read also: The EU gives Denmark the opportunity to end Danske Spil's monopoly on online bingo and horse racing

How are copper pipes used in plumbing

Copper is used in many different ways, but the most common is in the 6mm Copper Pipe and other pipes, like the ones you can see from Watkins & Powisused in plumbing. It is an excellent metal to work with as it can be shaped easily, and it is a good conductor of both heat and electricity. This is why it is used in electrical wires, computer parts and in plumbing pipes and systems. Read More


880057ad0f7021833d5db79a92967617