Gabelli Sports and Live Entertainment ETF (GOLS) aims to capture the “Experience Economy” by investing across the sports ecosystem, from team ownership to technology providers. The fund’s expense ratio is 0.9% but is waived for the first year. With a global mandate, GOLS offers exposure to international and U.S. entertainment companies.

GOLS offers low correlation to tech and S&P 500, pricing power in ticket sales, and acts as an “Anti-AI” hedge. While the fund’s performance relies on a few heavy hitters in the “Live” space, it’s still too early to assess its track record. Top holdings include Liberty Media, Madison Square Garden Sports Corp, and Live Nation Entertainment.

Investors seek GOLS as a lower-correlation play, providing diversification and potential growth when traditional markets falter. Rob Isbitts, a veteran investor, highlights the fund’s unique positioning in today’s market environment. He emphasizes the importance of finding assets that can thrive independently of broader market trends.

Read more at Yahoo Finance: Can This New ETF Be a Game-Changer in a Market Stuck Waiting for the AI Bubble to Burst?