279 days ago • Posted by Charles-Henry Monchau

No pause for the Petcare stocks

The Proshares Petcare ETF (PAWZ) just hit an all time high with a YTD gain of almost 30%. It is the first and only dedicated pet care and retail ETF. Almost 67% of families in US have pets and the trend has been accelerated by the pandemic as more families and seniors are looking to pets as a companion. From 2013 to 2018 even while annual incomes increased by 23% pet spending increased by 50%. With Global Pet industry sales forecasted to grow even further PAWZ is good bet to capitalize on this trend - source: www.etf.com, www.worldoutofwhack.com

Petcare is one sector benefiting from the Pandemic