Stephan Savoia / AP

ProShare Advisors LLC is proposing a new trio of exchange-traded funds (ETFs) that would be used to bet against traditional retail, per Bloomberg.

Why it matters: Making money off America's floundering retail industry in America is "about the get a whole lot easier," as Bloomberg's Rachel Evans writes. Plus, there is reason to believe it would be lucrative — State Street's traditional retail ETF has lost more than 9% this year whereas an e-commerce ETF from Amplify has gained 30%.

How it would work: ETFs work like index funds to track a basket of assets, and are attractive to investors since their fees tend to be lower than those of mutual funds. One of the ProShare ETFs would short (i.e. bet against) shares of traditional retailers and go long on shares in companies that could benefit from increased e-commerce activity. The other two would use leverage to "boost the returns on their bets against the [traditional retail] industry."

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 7 p.m. ET: 19,734,428— Total deaths: 728,612 — Total recoveries — 12,001,537Map.
  2. U.S.: Total confirmed cases as of 7 p.m. ET: 5,036,387 — Total deaths: 162,851 — Total recoveries: 1,656,864 — Total tests: 61,792,571Map.
  3. Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
  4. Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020 — Fauci says chances are "not great" that COVID-19 vaccine will be 98% effective.
  5. Schools: Nine test positive at Georgia school where photo showing packed hallway went viral — How back-to-school is playing out in the South as coronavirus rages on.
2 hours ago - World

Protests erupt in Belarus after "Europe's last dictator" claims election victory

A man lies on the ground in front of riot police in Minsk. Photo: Sergei Gapon/AFP via Getty Images

Demonstrations broke out across Belarus on Sunday after a government exit poll predicted that President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had swept to overwhelming victory over a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic now threaten to topple "Europe's last dictator."

Scoop: Inside Trump's debate prep

Trump and Christie. Photo: Jim Watson/AFP via Getty Images

Two weekends ago, President Trump met with a group of his closest aides in the conference room of his Bedminster golf club to discuss a subject that has been weighing heavily on his mind: the three scheduled debates with Joe Biden.

Behind the scenes: In the room with Trump were his son-in-law Jared Kushner, campaign manager Bill Stepien, senior adviser Jason Miller, and former New Jersey Gov. Chris Christie, who role-played Hillary Clinton in Trump's 2016 debate prep sessions.