The New York Post: Legendary music producer Quincy Jones is now in the ETF business [MarketWatch]
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Source: MarketWatch
Legendary music producer Quincy Jones is now in the ETF business Quincy Jones is a genius when it comes to picking hits, but will his name play on Wall Street? In a bizarre disclosure, the producer of Michael Jackson’s “Beat It” revealed he has agreed to slap his name on an exchange-traded fund, or ETF, that will focus on buying shares of companies in the music and entertainment sector. Aside from lending his name to a fund, Quincy Jones will have nothing to do with the Quincy Jones Streaming Music, Media & Entertainment ETF. The ETF, expected to trade as “QJ” after its September launch, will track an index covering companies in a sector that has found profits hard to come by of late. Companies eligible for inclusion must trade on a U.S. exchange, have a market cap greater than $1.5 billion and an average daily trading value in excess of $5 million. QJ will select the largest 100 companies that meet its criteria or, if fewer than 100, at least 20 companies that do. “Quincy Jones did n
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