Morgan Stanley is launching an investing index tied to sports leagues
Publishing timestamp: 2024-10-31 10:50:45
Summary
Morgan Stanley is introducing a new portfolio for high net worth sports fans, allowing them to invest in companies with ties to prominent sports leagues. The minimum investment is $250,000, and the portfolio will mimic the risk characteristics of the S&P 500. The idea came about when a client asked for a portfolio focused on companies supporting a specific sport.
Sentiment: POSITIVE
Keywords: breaking news: investing, s&p 500 index, business news, sports, morgan stanley, investment strategy, retail industry,
Source: https://www.cnbc.com/2024/10/31/morgan-stanley-investing-index-sports-teams.html