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Black Friday: Despite Amazon, other online sites, brick stores not dead yet

The trend to online shopping is not new, but with online taking only a fraction of all retail sales, the ETFs expect to capitalise on the long-term trend

Reuters  |  New York 

Just in time for the Black Friday kick-off to holiday season shopping, stock market investors have been handed tools to bet on the decline of brick-and-mortar retail. As of Friday, these tools were not yet for sale on Amazon. An exchange-traded fund launched Thursday allows investors to bet on the decline of traditional retail and a second one doubles down by betting at the same time on the rise to supremacy of online sales. The Decline of Retail Stores ETF and the Long Online Short Stores ETF are self-explanatory. The main index they track inversely, the equal-weighted ...

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First Published: Sat, November 18 2017. 11:18 IST