OND
ProShares On-Demand ETF
📎 Investment Objective
The ProShares On-Demand ETF (OND) seeks to provide exposure to companies that enable on-demand services and the gig economy.
Overview
ETF tracking ProShares On-Demand ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The ProShares On-Demand ETF (OND) seeks to provide exposure to companies that enable on-demand services and the gig economy.
🎯 Investment Strategy
The ETF tracks the FactSet On-Demand Index, which is designed to measure the performance of companies that provide on-demand services, digital platforms, and technologies that enable the gig economy. The fund invests in a diversified portfolio of these companies.
✨ Key Features
- Provides exposure to the growing on-demand services and gig economy sectors
- Tracks the FactSet On-Demand Index, which is designed to capture relevant companies in this space
- Low expense ratio of 0.00%
- Recently launched, so limited performance history available
⚠️ Primary Risks
- Concentration risk as the fund is focused on a specific sector
- Volatility risk as on-demand and gig economy companies may be subject to rapid changes
- Lack of performance history makes it difficult to evaluate long-term returns
- Low assets under management could impact liquidity and trading efficiency
👤 Best For
This ETF may be suitable for investors seeking exposure to the on-demand services and gig economy sectors as part of a diversified portfolio. However, due to the fund's limited history, it may be more appropriate for investors with a higher risk tolerance and a longer investment horizon.