Investors betting on the imminent decline of the mall thanks to the emergence of Amazon.com Inc. (AMZN) will be able to follow a new 'Death of Mall' ETF.
If it had been in existence before, it would have paid off in the form of a 139% bump over the last two years.
Proshares recently filed the Long Online Short Bricks & Mortar Retail ETF with the Securities and Exchange Commission. The ETF mixes Amazon long exposure with SPDR S&P Retail ETF (XRT) shorts.
Amazon is up 118% over the past two years and the XRT is down 21% over the same period.
What's Hot On TheStreet
Procter & Gamble under siege: Peltz's Trian Fund Management plans to launch a fight for a board seat at Procter & Gamble (PG) , making it the largest company to face a proxy battle, The Wall Street Journal reported Monday.
Trian, which owns about $3.3 billion of P&G stock, is said to be seeking a single board seat for Peltz at the company's annual meeting that could take place in October. P&G have reportedly been in talks for five months, but the company is said to have rejected to name Peltz as a director last week.
Sales at P&G -- and its stock price -- have stalled due to pricing pressure and competition.
As TheStreet's Ron Orol reported in June, look for the consumer packaged goods company to announce plans for spin-offs, sales or even a swap out of business units. If major M&A doesn't come soon, a Trian director-battle or white paper chock full of activist demands could be next.
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