‘ LocalShares ’

LocalShares rolls out debut city-based ETF

Aug 4th, 2013 | By
LocalShares rolls out debut city-based ETF

LocalShares, a newly launched provider of exchange-traded funds focused on the potential of geographic locations, such as American cities, has rolled out its debut ETF: the Nashville Area ETF (NASH). Listed on the NYSE Arca, the fund provides exposure to publicly-traded companies located in the Nashville, Tennessee area. The fund becomes the world’s first city-based ETF – not counting ETFs based on the city-state of Singapore – and represents yet another landmark in ETF innovation.