Wisegaming

Latest Posts

VanEck Launches Fund for eSports Industry

 
VanEck, the US based investment group, has launched a fund which focuses on the fast-growing eSports industry.
The VanEck Vectors Video Gaming and eSports UCITS ETF will tap the video gaming and events market growth. The new ETF will aim to replicate the price and yield performance of the MVIS® Global Video Gaming and eSports Index. The index exclusively includes companies that generate more than 50% of their revenues through video gaming and eSports.
The total expense ratio of the new ETF is 0.55% per annum. VanEck expects established video gaming companies will benefit most from the growth in the sector through partnerships, league ownership, sponsoring, franchising and other marketing measures.
According to the firm, Asia accounts for 50% of the global esports audience with esports being included alongside traditional forms of sport in the next Asian Games in 2022.

Latest Posts

spot_img

Don't Miss