Financial News
Pacer ETFs Launches New ETF Targeting Opportunities in Online Gambling, Video Game and eSports Industries
The firm prepares for rapid consumer demand for online media and entertainment with the launch of a new exchange-traded fund
Pacer ETFs (“Pacer”), an ETF provider that offers strategy-driven, rules-based ETFs, launches the Pacer BlueStar Digital Entertainment ETF (ticker: ODDS), which 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 and 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,” says 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, sports books, video game providers and eSports streaming services. Holdings will include both hardware and software manufacturers that develop computer and graphics processors, peripherals and consoles. From the adoption of augmented/virtual reality to reduced restrictions on the gambling market, this ETF is positioned to grow with consumer interest and budding areas of select online industries.
“Pacer ETFs has built a solid track record of launching opportune funds that capture trends and shifts in the marketplace,” says Joe Thomson, president and founder of Pacer Financial. “We expect consumers across the board, especially those in Generation Z, to continue spending significant leisure time online. In order to capitalize on this societal trend, we evaluated possible future directions of online activity and believe this ETF could capture them.”
For more information on Pacer ETFs, please visit PacerETFs.com.
About Pacer ETFs
Pacer ETFs is a strategy-driven exchange-traded fund provider with 42 ETFs and over $12.6 billion in assets under management, as of 3/31/22. Pacer ETFs is focused on addressing investors’ needs through its six fund families, the Pacer Trendpilot® Series, Pacer Cash Cows Index® Series, Pacer Custom ETF Series, Pacer Leaders ETF Series, Pacer Factor ETF Series and Pacer Swan SOS ETF Series. Pacer ETFs employs a rules-based, passive management approach to track S&P, NASDAQ, FTSE Russell, and Custom Indexes.
For more information, please visit PacerETFs.com.
Disclosures
Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. A copy may be obtained by visiting www.paceretfs.com or calling 1-877-337-0500. Please read the prospectus carefully before investing.
An investment in the Funds is subject to investment risk, including the possible loss of principal. Pacer ETF shares may be bought and sold on an exchange through a brokerage account. Brokerage commissions and ETF expenses will reduce investment returns. There can be no assurance that an active trading market for ETF shares will be developed or maintained. The risks associated with this fund are detailed in the prospectus and could include factors such as concentration in digital entertainment companies risk, depositary receipt risk, equity market risk, ETF risks, foreign securities risk, geographic concentration risk, index provider risk, market capitalization risk, new fund risk, non-diversification risk, passive investment risk, sector risk, tracking error risk, and/or special risks of exchange traded funds.
BlueStar Global Online Gambling, Video Gaming and eSports Index (the “Index”) is the exclusive property of MV Index Solutions GmbH, 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 the MV Index Solutions GmbH, Solactive AG has no obligation to point out errors in the Index to third parties including but not limited to investors and/or financial intermediaries of the financial instrument. In particular, MVIS is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the Pacer BlueStar Digital Entertainment ETF (“Product”) or not, are not sponsored, endorsed, sold, or promoted by MVIS, Van Eck Associates Corporation or its affiliates (collectively, “VanEck”), and MVIS and VanEck make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MVIS, VANECK AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO LICENSEE.
NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED
Distributor: Pacer Financial, Inc., member FINRA, SIPC, an affiliate of Pacer Advisors, Inc.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220411005514/en/
Contacts
Media Contact
Trevor Davis
Gregory FCA for Pacer ETFs
215-475-5931
trevor@gregoryfca.com
Company Contact
Ashlee Thomson for Pacer ETFs
610-981-6214
ashlee.thomson@pacerfinancial.com
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.