UK investment company launches pet care stock fund
London-based Rize ETF believes that today’s pet industry stands on a “strong footing.”
The PETZ – Rize Pet Care UCITS exchange-traded fund (ETF) – seeks to invest in companies that potentially stand to benefit from the rise in ownership and humanization of pets.
The company is also interested in companies in the pet healthcare and veterinary segment that believe in the “valuable contribution pets make to our overall mental health and well-being.”
To be eligible for inclusion, a company must have a market capitalization greater than $750 million (€689M) and an average daily turnover above $2 million (€1.84M).
“There are several themes shaping the future of pet care. First, is the trend toward humanization. In the past 20 years, pets have gone from sleeping in our backyards to sleeping in our beds,” commented Rahul Bhushan, co-founder of Rize ETF.
The decline of the “traditional nuclear family” has led to single-person households, unmarried and childless families adopting pets and the growth of our aging population has also led to a greater number of furry companions.
“For pet care companies, this means big business,” added Bhushan.
This investment fund is listed on the London Stock Exchange, Deutsche Börse Xetra, Borsa Italiana and SIX Swiss Exchange.
Founded in 2019, Rize ETF focuses on ground-breaking megatrends with growth stories that have a “positive influence on the planet.”
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