U.S. and UCITS funds combine to reach the
milestone as the fast-growing sector has been driven by consumer
trends, investor popularity and strong performance
VanEck today announced the firm has surpassed $1 billion in
assets globally in its video gaming and esports strategy.
The assets represent the collective total in the VanEck Vectors®
Video Gaming and eSports ETF (Nasdaq: ESPO®), the first pure-play
ETF of its kind, launched in 2018, and the European version of the
strategy, the VanEck VectorsTM Video Gaming and eSports UCITS ETF
which launched in 2019. The relatively new strategy has reached
this significant asset threshold in under three years of trading, a
testament to the popularity of the space and the targeted exposure
offered by these vehicles.
“Consumer preferences are evolving towards online and digital
streaming entertainment,” said Ed Lopez, Managing Director, Head of
ETF Product at VanEck. “While we couldn’t have anticipated the
stay-at-home mandates of 2020, we believe the pandemic has
accelerated a number of long-term trends, as evidenced by the video
gaming industry hitting $159 billion in projected revenues for
2020.1”
“We’ve seen great adoption and interest from both individuals
and financial professionals in Europe, demonstrating recognition of
video gaming and esports as a big and growing business and its
global appeal,” added Martijn Rozemuller, Managing Director, Head
of Europe at VanEck.
The U.S.- domiciled ETF and the UCITS-compliant version both
seek to track, before fees and expenses, the performance of the
MVIS® Global Video Gaming and eSports Index (MVESPOTR). The index
is a rules-based, modified capitalization weighted, float adjusted
index intended to give investors a means of tracking the overall
performance of companies involved in video gaming and esports. To
be eligible for inclusion in the index, companies must generate at
least 50% of their revenues from video gaming and/or esports.
About VanEck
VanEck has a history of looking beyond the financial markets to
identify trends that are likely to create impactful investment
opportunities. We were one of the first U.S. asset managers to
offer investors access to international markets. This set the tone
for the firm’s drive to identify asset classes and trends –
including gold investing in 1968, emerging markets in 1993, and
exchange traded funds in 2006 – that subsequently shaped the
investment management industry.
Today, VanEck offers active and passive strategies with
compelling exposures supported by well-designed investment
processes. As of August 31, 2020, VanEck managed approximately
$63.7 billion in assets, including mutual funds, ETFs and
institutional accounts. The firm’s capabilities range from core
investment opportunities to more specialized exposures to enhance
portfolio diversification. Our actively managed strategies are
fueled by in-depth, bottom-up research and security selection from
portfolio managers with direct experience in the sectors and
regions in which they invest. Investability, liquidity, diversity,
and transparency are key to the experienced decision-making around
market and index selection underlying VanEck’s passive
strategies.
Since our founding in 1955, putting our clients’ interests
first, in all market environments, has been at the heart of the
firm’s mission.
Important Disclosures
This content is published in the United States for residents of
specified countries. Investors are subject to securities and tax
regulations within their applicable jurisdictions that are not
addressed in this content. Nothing in this content should be
considered a solicitation to buy or an offer to sell shares of any
investment in any jurisdiction where the offer or solicitation
would be unlawful under the securities laws of such jurisdiction,
nor is it intended as investment, tax, financial, or legal advice.
Investors should seek such professional advice for their particular
situation and jurisdiction.
An investment in the Funds may be subject to risks which
include, among others, investing in the video gaming and esports
companies, software, internet software & services and
semiconductor industries, equity securities, communication services
and information technology sectors, small- and
medium-capitalization companies, issuer-specific changes, special
risk considerations of investing in Asian, Japanese and emerging
markets issuers, foreign securities, foreign currency, depositary
receipts, market, operational, cash transactions, index tracking,
authorized participant concentration, no guarantee of active
trading market, trading issues, passive management, fund shares
trading, premium/discount risk and liquidity of fund shares,
non-diversified, and concentration risks, all of which may
adversely affect the Fund. Foreign investments are subject to
risks, which include changes in economic and political conditions,
foreign currency fluctuations, changes in foreign regulations, and
changes in currency exchange rates which may negatively impact the
Fund's returns. Small- and medium-capitalization companies may be
subject to elevated risks.
MVIS Global Video Gaming and eSports Index is the exclusive
property of MV Index Solutions GmbH (a wholly owned subsidiary of
the Adviser), which has contracted with Solactive AG to maintain
and calculate the Index. Solactive AG uses its best efforts to
ensure that the Index is calculated correctly. Irrespective of its
obligations towards MV Index Solutions GmbH, Solactive AG has no
obligation to point out errors in the Index to third parties. The
VanEck Vectors Video Gaming and eSports ETF is not sponsored,
endorsed, sold or promoted by MV Index Solutions GmbH and MV Index
Solutions GmbH makes no representation regarding the advisability
of investing in the Fund.
Index returns are not Fund returns and do not reflect any
management fees or brokerage expenses. Certain indices may take
into account withholding taxes. Investors cannot invest directly in
the Index. Returns for actual Fund investors may differ from what
is shown because of differences in timing, the amount invested and
fees and expenses. Index returns assume that dividends have been
reinvested.
Investing involves substantial risk and high volatility,
including possible loss of principal. An investor should consider
the investment objective, risks, charges and expenses of the Funds
or Strategies carefully before investing. To obtain a prospectus
and summary prospectus, which contains this and other information,
call 800.826.2333 or visit vaneck.com. Please read the prospectus
and summary prospectus carefully before investing.
Van Eck Securities Corporation, Distributor 666 Third Avenue New
York, NY 10017 800.826.2333
_________________________
1 Source: Newzoo, 2020.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200914005051/en/
Mike MacMillan/Chris Sullivan MacMillan Communications
212.473.4442 chris@macmillancom.com
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