What is ‘Gaming Industry ETF’
A sector exchange-traded fund that invests solely in gaming companies, so as to generate investment returns that correspond to those of an underlying gaming index. A gaming ETF consists of a wide range of stocks, from casino operators and manufacturers of gaming systems to companies that accept bets on sporting events. A gaming ETF may be vulnerable to economic downturns.
Explaining ‘Gaming Industry ETF’
A gaming ETF may hold stocks of international gaming companies, in addition to those of domestic companies. It is yet another example of a niche ETF. U.S. companies that would be included in a gaming ETF are well-known casino resort operators.
By owning an ETF, you get the diversification of an index fund as well as the ability to sell short, buy on margin and purchase as little as one share. Another advantage is that the expense ratios for most ETFs are lower than those of the average mutual fund. When buying and selling ETFs, you have to pay the same commission to your broker that you’d pay on any regular order.
Further Reading
- Returns spillovers between tourism ETFs – www.sciencedirect.com [PDF]
- Exchange-traded funds 101 for economists – www.aeaweb.org [PDF]
- Discussion of “ETFs and Information Transfer Across Firms” – www.sciencedirect.com [PDF]
- The evolution and success of index strategies in ETFs – www.tandfonline.com [PDF]
- Do smoking bans always hurt the gaming industry? Differentiated impacts on the market value of casino firms in Macao – www.econstor.eu [PDF]
- Are ETFs replacing index mutual funds? – papers.ssrn.com [PDF]
- Exchange traded funds (ETFs) – www.nber.org [PDF]
- Method of playing a game of economics and finance – patents.google.com [PDF]
