ETFdb Logo
ETFdb Logo
ETFdb Logo
ETFdb Logo
  • Channels
    • Active ETF
    • Alternatives
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Dividend
    • Dual Impact
    • Emerging Markets
    • Energy Infrastructure
    • Entrepreneur ETF
    • Equity ETF
    • ESG
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Future ETFs
    • Gold & Silver Investing
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Modern Alpha
    • Multi-Asset
    • Multi-Factor
    • Nasdaq Investment Intelligence
    • Portfolio Strategies
    • Retirement Income
    • Smart Beta
    • Thematic Investing
    • Volatility Resource
  • Database
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
    • ETF Data for Journalists
    • ETF Nerds
  • Research
    • First Bitcoin ETF
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
    • ETFs Future-Forward 2021: An iShares Investing Symposium
    • Three Themes for 2021: An iShares & MSCI Investing Symposium
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Videos & Podcasts
    • ETF 360 Video Series
    • ETF Trends on Videos
    • ETF Trends on Podcasts
    • ETF Prime Podcast
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Big Ideas Channel
  2. Pet Care Industry Thrives In Pandemic
Big Ideas Channel
Share

Pet Care Industry Thrives In Pandemic

Karrie GordonSep 28, 2021
2021-09-28

The COVID-19 pandemic caused widespread economic shutdown beginning last year as millions of people were forced to work from home. Out of the isolation came big boosts in pet ownership and adoption globally as loneliness had people seeking the comfort of animals in the midst of lockdowns, reported Research and Markets.

Globally, the pet care industry is estimated to have a value in sales of $148 billion by 2025 as pet owners push for better care and higher quality of food for their animal companions. The entire pet care industry was one of the few that experienced positive growth in 2020, and it continues to show promising continued growth in the first two quarters of 2021.

Demanding similar levels of quality of care for animals as people has created a push for human-grade pet food and greater options in veterinary care. Premium pet food and treats have recorded increased growth year-over-year, with pet food that has additional therapeutic uses also recording high continued growth.

On the animal healthcare side of things, increasing options for diagnostic testing and services have given rise to companies such as Idexx Laboratories, which offers in-office testing kits to veterinarians and continues to be forward-looking.

Idexx looks to stay on the leading edge of its industry, spending more in research and development in the last five years than all of its combined competitors. The company continues to provide options for diagnostics as owners seek to provide levels of healthcare comparable to their own, which includes greater varieties of testing in higher numbers.

Putnam Focused Large Cap Growth ETF

Putnam’s PGRO Invests in Thematic Growth

The Putnam Focused Large Cap Growth ETF (PGRO) is an actively managed, non-diversified fund that focuses on large, growth-oriented U.S. companies that profit in the midst of recovery and a growing economy, and it invests along twelve different growth themes.

The fund selects companies similar in size to those in the Russell 1000 Growth Index, whose market caps are between $2 billion and $2.1 trillion. Putnam Investment considers a company’s valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows, and dividends when buying and selling investments.

As a semi-transparent fund using the Fidelity model, PGRO does not disclose its current holdings daily. Instead, it publishes a tracking basket of previously disclosed holdings, liquid ETFs that mirror the portfolio’s investment strategy, and cash and cash equivalents. The tracking portfolio is designed to track the actual fund portfolio’s overall performance closely, and actual portfolio reports are released monthly.

One of the growth themes, the humanization of pets, recognizes the increasing importance animals have as members of the household, reflected in their quality of care. Idexx Laboratories (IDXX) falls within this theme and has posted double digit earnings recently, with testing kits, components, and supplies generating recurring revenue for the company as pet ownership continues to grow and owners increasingly demand higher levels of care and better options for their pet companions. As of the end of June, IDXX was carried at 2.08% weight.

As of the end of August, PGRO had holdings in Microsoft (MSFT) at 9.90%, Apple (AAPL) at 8.20%, and Amazon.com (AMZN) at 7.28%.

PGRO has an expense ratio of 0.55% and had 39 holdings as of the end of August.

For more news, information, and strategy, visit the Big Ideas Channel.


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
  • About Us
  • Mission Statement
  • Press
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © ETF Flows LLC
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

Equity ETF Channel

Retirement Portfolio Redux: Is the 60%-40% Portfolio Dead?

Debbie CarlsonOct 22, 2020
2020-10-22

With the 10-year U.S. Treasury yield hovering below 1% and Federal Reserve Chairman Jerome Powell...

Equity ETF Channel

Portfolio Diversification Isn't Dead, It Was Just Sleeping

Debbie CarlsonOct 15, 2020
2020-10-15

Investors could be forgiven to think there was no reason to invest outside of the U.S. for the...

}
X