Gabelli Launches Sports-Focused ETF: GOLS – Gabelli Opportunities in Live and Sports

Core Insights - Gabelli Funds has launched an actively managed ETF named GOLS on the NYSE, aimed at capturing the value of the global sports and live entertainment economy [1][2] - GOLS provides investors access to public equities across the sports ecosystem, which includes sports franchises, media platforms, ticketing operators, and technology providers [2][6] - The ETF's management fee of 0.90% will be waived for the first year, enhancing its appeal to investors [3] Investment Strategy - The investment strategy of GOLS is guided by Gabelli's Private Market Value with a Catalyst™ philosophy, focusing on companies with durable assets and resilient revenue streams [2] - Identifiable catalysts for investment include media rights renewals, league expansions, corporate restructuring, and M&A activity [2] Management Team - GOLS is managed by Christopher Marangi and Alec Boccanfuso, who have extensive experience in media, entertainment, and sports businesses [2][7]