Exchange traded funds devoted to video video games and e-sports are having a second. Properly, a se
Exchange traded funds devoted to video video games and e-sports are having a second. Properly, a second by way of inhabitants progress. With Tuesday’s debut of the World X Video Video games & Esports ETF (HERO), there at the moment are 5 online game ETFs for traders to select from, three of which have come to market this yr.
The expansion of the online game ETF area cements the notion that issuers are keen to check the waters with thematic funds and up to date knowledge affirm as a lot.
“On the finish of third quarter, there have been 119 thematic ETFs with a mixed $25 billion in property underneath administration,” stated CFRA Analysis Director of ETF & Mutual Fund Analysis Todd Rosenbluth in a recent note. “Whereas the bottom stays comparatively small, the property in thematic ETFs elevated fourfold since 2015 as traders more and more search for long-term progress concepts and search the diversification and tax effectivity advantages of the ETF wrapper.”
Certainly, the present asset base for online game ETFs is small. Previous to HERO’s launch earlier this week, the 4 current funds on this section mixed for about $135 million in property underneath…