Gabelli Funds has come to market today with the announcement of the launch of their fifth ETF, the Gabelli Commercial Aerospace & Defense ETF (GCAD). As the name suggests, GCAD will track companies in the aerospace and defense sectors. The new fund will offer an initial loyalty program for the $25 million in assets under management, dropping all fees and expenses.
Gabelli Launches Aerospace & Defense ETF
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Unlike many ETFs GCAD will be non-transparent, meaning it will not display its holdings everyday which in turn brings on risk.