This morning, Roundhill Investments’ MVP ETF (NYSE: MVP) made its official debut on the NYSE. This ETF (Exchange Traded Fund) is the first of its kind, as its purpose is to invest in the performance and popularity of professional sports, specifically in teams, leagues, media, and apparel. MVP currently holds positions in a myriad of teams across baseball, basketball, hockey and soccer. Some of which include Manchester United, Juventus, the New York Rangers, and the New York Knicks. The ETF also holds positions in Nike, Adidas, Puma, MSG Networks, and even WWE.
As MVP prepared to make its debut on the market, Roundhill Investments CEO Will Hershey stated, “We are excited about the launch of MVP, which will allow everyday investors to own stakes in sports teams they know and love. The professional sports industry had a difficult year in 2020, but we are confident that a successful vaccine rollout will bring fans back to stadiums worldwide.”
MVP marks the fifth ETF that Roundhill Investments has successfully launched, giving the Company a combined USD 650 Million in AUM (Assets Under Management). The Company’s other four ETFs hold positions in sports betting, esports, streaming services, and “deep value” (potentially undervalued) companies.
“Professional sports teams and leagues are premium, scarce assets that have a strong record of value appreciation. With the launch of MVP, we are enthusiastic about the opportunity to provide investors with the ability to invest in this asset class. Everyone has the opportunity to be an owner with MVP,” said Joe Pompliano, an MVP ETF partner. Shares of MVP are currently trading at a little over USD 15.