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VanEck Launches Fund for eSports Industry

VanEck Launches Fund for eSports IndustryReading Time: 1 minute

 

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.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: VanEck Launches Fund for eSports Industry

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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