New Gerber ETF Invests in Tech and ‘Things That Were Illegal’
- GK bets big on cannabis and online betting in its 44 holdings
- Gerber Kawasaki is adding 10 to 20 clients a day: co-founder
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A new exchange-traded fund from Ross Gerber is all-in on the once-unsavory parts of society.
The AdvisorShares Gerber Kawasaki ETF (ticker GK) is an actively managed fund helmed by the Gerber Kawasaki co-founder himself. While concerns over concentration risks have haunted active ETFs this year, GK will “seek to limit positions to the firm’s top investment ideas,” according to a press release announcing the fund, which began trading Friday.