Bringing you live news and features since 2006 

Pacer ETFs launches new ETF targeting opportunities in Online Gambling, Video Game and eSports industries

RELATED TOPICS​

Pacer ETFs has launched the Pacer BlueStar Digital Entertainment ETF (ticker: ODDS), which aims to follow the BlueStar Global Online Gambling, Video Gaming, and eSports Index. 

The rules-based index consists of globally listed stocks and depositary receipts of companies that derive at least 50 per cent of their revenues from online gambling, video game development, eSports events and streaming services, and related hardware manufacturers.

“It’s undeniable that consumers across the globe are spending more time consuming media, playing online video games and gambling across generations, and businesses are adapting to improve revenue streams from these trends,” says Sean O’Hara, president of Pacer ETF Distributors. “As leaders in the thematic ETF space, we believe a passive, rules-based approach providing online exposure to both, online gambling operations and gaming or eSports through one ETF can be beneficial to offer at this time. These industries are flourishing with the help of many tailwinds, which were catalysed by the COVID-19 pandemic as every generation grew their digital footprint.”

The Pacer BlueStar Digital Entertainment ETF is a one-stop shop for investors seeking exposure to online casinos, sports books, video game providers and eSports streaming services. Holdings will include both hardware and software manufacturers that develop computer and graphics processors, peripherals and consoles. From the adoption of augmented/virtual reality to reduced restrictions on the gambling market, this ETF is positioned to grow with consumer interest and budding areas of select online industries.

“Pacer ETFs has built a solid track record of launching opportune funds that capture trends and shifts in the marketplace,” says Joe Thomson, president and founder of Pacer Financial. “We expect consumers across the board, especially those in Generation Z, to continue spending significant leisure time online. In order to capitalize on this societal trend, we evaluated possible future directions of online activity and believe this ETF could capture them.”

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by