Bloomberg Law
May 23, 2023, 7:28 PM

Tesla Craze Powers Single-Stock ETPs Toward $1 Billion in Assets

Isabelle Lee
Isabelle Lee
Bloomberg News
Peyton Forte
Bloomberg Editorial

Exchange-traded products that track single stocks have garnered almost $1 billion, a milestone that underscores the demand for such investment vehicles even as they face criticism for being potentially risky.

Of the 32 such products tracked by Bloomberg Intelligence, with a combined $978 million under management, funds betting on or against Elon Musk’s Tesla Inc. commanded around $667 million, or roughly 68% of the total.

The segment amounts to a sliver of the $7 trillion universe of exchange-traded products. But industry observers say that the growth in single-stock offerings since their July debut signals a solid appetite.

“If you are ...

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