|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||17.14 - 17.44|
|52 Week Range||15.03 - 17.48|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||N/A|
|Beta (5Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
Among the many themes investors have heard plenty about in 2019 are 5G connectivity and video games. 5G technology will use a higher frequency band versus the current 4G technology standard, resulting in faster transmission of data. Being able to transmit copious amounts of data at a faster rate is certainly of benefit for wireless companies and their users, but 5G could be a major disruptor in various industries.
Esports, or competitive gaming, will be a sector in 2020 that will continue to garner investor interest as the proliferation of viewers will make the industry a multimedia powerhouse. This should be welcome ...
This year has brought significant proliferation in the universe of ETFs dedicated to e-sports and video games. That also means competition in that niche has increased in a big way and increased competition ...
The Global X Video Games & Esports ETF (HERO) debuted last month and despite that rookie status, it's clear the new ETF is at the corner of some exciting trends. The new HERO “seeks to invest in companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own and operate within competitive esports leagues, or produce hardware used in video games and esports, including augmented and virtual reality,” according to Global X.
The positive trend is likely to continue given the positive earnings estimate revisions, which are generally a precursor to an earnings beat though earnings surprise is difficult to predict this time.
Another competitor on the video game ETFs front here is following Tuesday’s debut of the Global X Video Games & Esports ETF (NASDAQ: HERO). The latest thematic ETF to join Global X’s expansive lineup of ...
As is the case with the group of cannabis exchange traded funds, the universe of video game ETFs is growing with much of that growth occurring this year. HERO is the fifth dedicated video game ETF in the U.S. and the third one to come market this year. The new HERO, which hails from a long line of Global X thematic ETFs, many of which are successful, follows the Solactive Video Games & Esports Index.
Global X ETFs debuted three new ETFs on Tuesday: the Global X Video Games & Esports ETF (HERO) , the Global X Cybersecurity ETF (Nasdaq:BUG) , and the Global X Thematic Growth ETF (Nasdaq:GXTG) . Pedro Palandrani, research analyst at GlobalX ETF, told ETF Trends that over the past 10 years, its clients had come to rely on them to develop very well-constructed Thematic ETFs to provide efficient exposure to disruptive themes.
The three new ETFs will join Global X ETF's Thematic Growth Suite, which now has 18 total funds. Global revenues for esports and video games in 2018 were nearly $140 billion according to analyst estimates,1 and viewership of mobile and online gaming is expected to exceed nearly every professional sport by 2021.2 Designed to track the Solactive Video Games & Esports Index, the Global X Video Games & Esports ETF holds a basket of companies that develop or publish video games, facilitate the streaming and distribution of video gaming or esports content, own or operate within competitive esports leagues, or produce hardware used in video games and esports, including augmented and virtual reality.
Subscribe to the Fintech Focus newsletter to get a roundup of industry news delivered to your inbox weekly, and check out upcoming programming at Benzinga events. Before launching Evolve ETFs in 2017, Lala had an impressive track record in the financial space, running retail for Fiera Capital and spearheading the launch Jovian Asset Management, part of the larger Jovian Capital. Lala eventually moved on to head the Canadian branch of WisdomTree ETFs, one of the largest ETF providers in the world.
Units of ticker symbol HERO have been conditionally approved for listing on the Toronto Stock Exchange ("TSX") and will begin trading on June 17, 2019 . HERO is Canada's first eGaming ETF, designed to provide investors with access to equity securities of companies listed domestically and globally, and other issuers, with business activities in the electronic gaming industry. "The launch of HERO marks an opportunity for Canadian investors to participate in another innovative sector positioned for exponential global growth," said Raj Lala, President and CEO of Evolve.