Barron's | August 13, 2020
Barron’s contributor Jack Hough says the pet economy is “booming” and the pandemic “doesn’t seem to have hurt business.” Hough reports that only 15% of pet owners have cut down on pet spending to the current economic conditions, “while 21% have spent more,” according to a recent survey. He quotes Zoetis CEO Kristin Peck, who says having smaller families and spending more money on trends is a long-term, global trend. Hough features ProShares Pet Care ETF (PAWZ), which invests in a range of companies that stand to potentially benefit from the proliferation of pet ownership, and the emerging trends affecting how we care for our pets. See PAWZ performance and holdings.
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