Tidal ETF Trust has just announced the future launch of a new fund looking to track the fickle music industry. The Clouty Tune ETF (TUNE) marks the launch of over 55 funds for Tidal with the new offering planning to launch sometime in the second quarter. TUNE will track the Solactive AG’s Clouty Tune index which is composed of over 50 music and entertainment companies. This includes radio, broadcasting, events, cable, and other subsets within the space.
ETF Newz Says:
This niche fund from Tidal will be interesting to watch as music is usually not a heavily followed area for many investors.