ProShares Launches the First Pet Care ETF

Today, premier ETF provider ProShares launched the first ETF focused on the pet care industry—ProShares Pet Care ETF (PAWZ). PAWZ gives investors the opportunity to target an industry that potentially stands to benefit from the proliferation of pet ownership and the emerging trends affecting how we care for our pets. PAWZ tracks the FactSet Pet Care Index. The index currently consists of 24 companies that provide broad exposure to potential growth within the pet care industry.