Chewy Scheduled to Enter ProShares Pet Care ETF (PAWZ)
June 21 2019 - 12:43PM
Business Wire
Will Be Added to FactSet Pet Care Index
ProShares, a premier provider of ETFs, announced that Chewy Inc.
(NYSE:CHWY), an online seller of pet supplies, is expected to be
added to the ProShares Pet Care ETF (Cboe/Bats:PAWZ) on Friday,
June 21.
PAWZ is the only ETF focused on the pet care industry. It gives
investors the opportunity to gain broad exposure to public
companies in the global pet care industry—companies like Chewy that
stand to potentially benefit from the proliferation of pet
ownership and the emerging trends affecting how we care for our
pets.
"Chewy’s IPO offers further evidence of investor interest in the
pet care industry, driven by the global trend of the humanization
of pets,” said Steve Cohen, managing director at ProShares.
“Investors are recognizing that pets are more than just loyal
companions. They are big business.”
The ProShares Pet Care ETF seeks investment results, before fees
and expenses, that track the FactSet Pet Care Index. FactSet
announced the addition of Chewy to the FactSet Pet Care Index on
June 19. The index is rebalanced monthly. With Chewy’s addition,
the index will consist of 26 companies that provide exposure to
potential growth within the global pet care industry.
About ProShares
ProShares has been at the forefront of the ETF revolution since
2006. ProShares now offers one of the largest lineups of ETFs, with
more than $30 billion in assets. The company is the leader in
strategies such as dividend growth, interest rate-hedged bond and
geared (leveraged and inverse) ETF investing. ProShares continues
to innovate with products that provide strategic and tactical
opportunities for investors to manage risk and enhance returns.
June 21, 2019
Access daily holdings for PAWZ at
https://www.proshares.com/funds/pawz_daily_holdings.html.
Investing involves risk, including the possible loss of
principal. This ProShares ETF is non-diversified and entails
certain risks, including imperfect benchmark correlation and market
price variance, that may decrease performance. The fund is subject
to the risks faced by companies in the pet care industry. Although
the pet care industry has historically seen steady growth and has
been resilient to economic downturns, these trends may not continue
or may reverse. Consumer tastes and preferences are difficult to
forecast. Changing consumer preferences could have a negative
impact on the revenue streams of companies in the pet care
industry. Many companies in the pet care industry are small,
independent producers and retailers. Investments in smaller
companies typically exhibit higher volatility. Smaller company
stocks also may trade at greater spreads or lower trading volumes,
and may be less liquid than stocks of larger companies. The fund
concentrates its investments in certain sectors. Narrowly focused
investments typically exhibit higher volatility. Please see summary
and full prospectuses for a more complete description of risks.
There is no guarantee any ProShares ETF will achieve its
investment objective.
Carefully consider the investment objectives, risks, charges
and expenses of ProShares before investing. This and other
information can be found in their summary and full prospectuses.
Read them carefully before investing. Obtain them from your
financial advisor or broker-dealer representative or visit
ProShares.com.
The "FactSet Pet Care Index" and "FactSet" are trademarks of
FactSet Research Systems Inc. and have been licensed for use by
ProShares. ProShares have not been passed on by these entities or
their affiliates as to their legality or suitability. ProShares
based on the FactSet Pet Care Index are not sponsored, endorsed,
sold, or promoted by FactSet Research Systems Inc., and it makes no
representation regarding the advisability of investing in
ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND
BEAR NO LIABILITY WITH RESPECT TO PROSHARES. FactSet Research
Systems Inc. does not guarantee the accuracy and/or the
completeness of the FactSet Pet Care Index or any data included
therein, and FactSet Research Systems Inc. shall have no liability
for any errors, omissions, or interruptions therein.
ProShares are distributed by SEI Investments Distribution Co.,
which is not affiliated with the fund’s advisor.
©2019 PSA PR-2019-4372
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Investors: ProShares 866.776.5125 ProShares.com
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