Bet on These Video Gaming ETFs to Ride the Surging Sales Trend
Zacks Investment Research | Nov 22, 2021 06:00AM ET
Video gaming lovers in the United States have spent generously in October again. The industry continues to gain amid the health crisis. For 10 months, the total consumer spending on gaming is up 12% year over year to $46.67 billion (per The NPD Group data). Market experts are optimistic about the strength that the video gaming industry is witnessing in the terms of solid sales growth despite tough year-over-year comparisons, highlighting the momentum in the space.
Going on, it seems that the boom in the video gaming space may remain even in the post-pandemic era as the outbreak changed the lifestyles and preferences of U.S. citizens to a large extent. Against this backdrop, investors can take a look at video gaming ETFs like The Roundhill BITKRAFT Esports & Digital Entertainment ETF How Are Activision ETFs Reacting to Q3 Earnings Results? ).
Wedbush ETFMG Video Game Tech ETF
Wedbush ETFMG Video Game Tech ETF provides pure-play and diversified exposure to a dynamic intersection of technology and entertainment. It also corresponds generally to the price and yield performance of the EEFund Video Game Tech Index. The index is designed to reflect the performance of companies involved in the video game technology industry, including game developers, console and chip manufacturers as well as game retailers.
GAMR holds 116 stocks in its basket. With AUM of $109.4 million, Wedbush ETFMG Video Game Tech ETF charges 75 bps in expense ratio.
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