Whether you’re a lover or loather of Jim Cramer — and on both Wall Street and Main Street, there are plenty of each — you’re now able to express that view via the magic of ETFs.
A pair of new products is launching Thursday that will help US investors bet either on or against the stock picks of the host of CNBC’s Mad Money show, arguably the world’s most-famous financial pundit.
The Inverse Cramer Tracker ETF (ticker SJIM) seeks to deliver returns that correspond to “the inverse of securities mentioned by Cramer” by either short-selling his equity picks or buying companies he recommends against, according to its prospectus.
Meanwhile, the Long Cramer Tracker ETF (LJIM) will back shares the CNBC anchor likes and ditch the ones he doesn’t.
Source:Jim Cramer ETFs Arrive to Bet On, Against Mad Money Host’s Picks – Bloomberg
