Pacer ETFs Launches New ETF Targeting Opportunities in Online Gambling, Video Game and eSports Industries
11 Abril 2022 - 11:21AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220411005514/en/
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
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