Today saw the launch of the first ETF exclusively devoted to stocks associated with streaming services. The Roundhill Streaming Services & Technology ETF (SUBZ) is actively managed and holds a fairly concentrated portfolio of 35 stocks that includes such names as Netflix, Roku, Spotify, Tencent Music and J-Stream among its top holdings.
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SUBZ comes with an expense ratio of 0.75% and lists on the NYSE Arca.
"Media streaming continues to grow rapidly as more consumers abandon traditional media and subscribe to a select number of streaming services. This transition, accelerated over recent years, has taken place across multiple industries including video, audio and even gaming," said Mario Stefanidis, one of SUBZ’s portfolio managers.
SUBZ targets companies that provide streaming content, including audio, video and gaming, as well as those firms offering services and products that support the provision of that content. It selects its holdings at the global level and has no restrictions on size.
Roundhill is best known for the $395 million Roundhill Sports Betting & iGaming ETF (BETZ) and the $111 million Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD), two popular funds targeting related areas of the market.
Contact Heather Bell at [email protected]