Distilled Spirits Council CEO Naasz celebrates new whiskey fund by ringing NYSE closing bell

On a day when the Dow inched closer to 20,000, Distilled Spirits Council President & CEO Kraig R. Naasz toasted the new WSKY ETF and joined in ringing the closing bell at the New York Stock Exchange (NYSE).

“With spirits sales booming in both the United States and around the world, it seems fitting that we celebrate a new whiskey themed exchange-traded fund (ETF) as the stock market reaches toward historic heights,” says Naasz.

Spirited Funds/ETFMG Whiskey and Spirits ETF, trading as WSKY, invests primarily in companies that derive the majority of their revenue from producing and marketing whiskey and spirits.  Council member companies included in the fund are Brown-Forman, Campari, Constellation Brands, Diageo, MGP Ingredients, Moët Hennessy, Pernod Ricard and Rémy Cointreau.

Sales are flourishing for high-end premium and super-premium bourbon and Tennessee whiskey in the United States with sales increasing 50 and 155 percent, respectively, from 2010 to 2015.  Exports of U.S. spirits were up 4 percent last year – with U.S. whiskey exports up an impressive 5.4 percent.  In total, U.S. spirits retail sales have grown to more than $60 billion.

“The spirits sector is currently enjoying the busiest shopping season of the year,” adds Naasz.  “As we ring in the holiday season, we encourage consumers to enjoy themselves responsibly,” Naasz concluded.

About Jeff Cioletti

I’m Jeff Cioletti and The Drinkable Globe marries my two greatest passions: fine drink and travel. The search for the former usually drives the latter. I'm the author of The Year of Drinking Adventurously. When I’m not traveling and drinking— aww, hell, who am I kidding, even when I am—I'm editor-at-large of Beverage World magazine and its companion site, beverageworld.com. I’ve been at Beverage World since January 2003. I’ve been interviewed on beverage-related topics for CNN, Fox Business News, CNBC, Beer Sessions Radio, Canada's ROB TV, NPR, BBC World, BBC Radio, The Associated Press, The New York Post, Financial Times, Investors Business Daily, Advertising Age, WCBS-TV and several other media outlets. Beyond the journalism gig, I’m also a filmmaker; I wrote, produced and co-directed the feature film, “Beerituality,” a comedy set in the world of craft beer. The film is available on at http://www.storenvy.com/products/510365-beerituality-dvd and can be streamed and downloaded at amazon.com

Posted on December 22, 2016, in news, Uncategorized. Bookmark the permalink. Leave a comment.

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