Pacer ETFs, an exchange-traded fund (ETF) provider that offers strategy-driven, rule-based ETFs, has launched the Pacer BlueStar Digital Entertainment ETF. This 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% of their revenues from online gambling, video game development, esports events, 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,” said 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 catalyzed 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, sportsbooks, video game providers, and esports streaming services. Holdings will include both hardware and software manufacturers that develop computer and graphics processors, peripherals, and consoles.
(All information was provided by Business Wire)