MUSQ, a new music industry ETF, just launched on the stock market. The fund aims to give investors exposure to the entire music business. It includes companies involved in streaming like Spotify, record labels like Universal and Warner, live event companies like Live Nation, radio companies, and music tech companies.
The fund tracks an index created by EQM Indexes that weighs companies based on their size, with no single company making up more than 7% of the fund. The index also considers how liquid or easily traded the stocks are.
MUSQ’s founder, David Schulhof, has deep experience in the music industry. He was previously the president of music businesses like IM Global Music and AGC Studios. He knows the industry inside and out.
David says music is something people are passionate about worldwide, so this fund gives investors a chance to invest in the music renaissance happening now. Technological changes like streaming, social media, and artificial intelligence are fueling huge growth in the music business. Goldman Sachs predicts the industry will hit $53 billion in revenue by 2030, up 12% each year!
If you want to invest in companies powering the evolving music industry, check out this new music industry ETF from MUSQ. Let your portfolio jam out to the booming music business! But as with any investment, there are risks – from market fluctuations to currency risk for international companies. Make sure you understand the fund’s risks before investing.
