In times of economic and political uncertainty, it's wise to focus on investments that demonstrate steady demand regardless of the environment. It's at least part of the reason why so many have piled into consumer staples and utility stocks over the past couple of years. You know what else people like to do regardless of the economy? Drink!
It's in that spirit (no pun intended) that the Spirited Funds group launched the Spirited Funds/ETFMG Whiskey & Spirits ETF (NYSEARCA:WSKY) this week. The fund will focus on companies that are whiskey and spirit distilleries, breweries and vintners. It can also dedicate a smaller portion of the fund's assets in "non-core" luxury goods businesses that make or market whiskey and spirit-related products.
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