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Defiance ETFs changes index and name of Defiance Future Tech ETF

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Defiance ETFs is changing the underlying index and name of its Defiance Future Tech ETF (AUGR).

Effective 24 June, AUGR will become the Defiance Next Gen Video Gaming ETF (VIDG) and will track the Bluestar Next Gen Video Gaming Index.

“Augmented and virtual reality is a disruptive technology that we continue to believe in, but we feel investors will be better served by a fund that focuses on one of the key areas where this technology may have significant current impacts, which is why we’re magnifying the focus of the fund to hone in on the video game space,” says Paul Dellaquila, Global Head of ETFs at Defiance.

VIDG will seek to provide investors a liquid and low-cost way to invest in companies developing and commercialising the video gaming industry. The fund will have an expense ratio of 0.30 per cent.

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