Market Vectors-Gaming ETF Launched on American Stock Exchange
24 Enero 2008 - 8:30AM
Business Wire
New York-based asset manager Van Eck Global today launched Market
Vectors�Gaming ETF (BJK), a new exchange-traded fund (ETF) listed
on the American Stock Exchange� (Amex�). The Fund is the first ETF
listed in the U.S. that enables U.S. investors to gain exposure to
a broad spectrum of companies involved in gaming companies
worldwide. Options are expected to be available on BJK. BJK seeks
to replicate as closely as possible, before fees and expenses, the
price and yield performance of the S-Network Global Gaming IndexSM
(WAGR), a basket of the securities of gaming companies listed on
global exchanges. As of December 31, 2007, WAGR returned
approximately 11.01 percent and 24.98 percent over three- and
five-years, respectively*. Companies in WAGR predominantly derive
at least 50% of their revenue from gaming. BJK seeks to provide
investors with a convenient, low cost means to gain diversified
exposure to a dynamic industry with compelling growth potential.
WAGR currently includes casinos and resorts such as MGM Mirage,
Hong Kong�s Melco PBL Entertainment and Kuala Lumpur�s Resorts
World, as well as equipment and technology companies such as
International Game Technology (7.81%, 0.58%, 2.49% and 9.91% of the
Index, respectively). Also currently represented in WAGR are
companies engaged in sports and race books and online gaming. BJK�s
total net expense ratio is 0.65%. �Gaming has become an
increasingly mainstream form of entertainment among the world�s
growing middle class. In fact, there has been sharp expansion of
the gaming industry in over 150 countries around the globe. In
addition to consumer demand, technical developments and favorable
legislation further underpin the potential growth of this
industry,� said Jan van Eck, Principal at Van Eck Global. �As the
first ETF to target this sector, we believe that BJK will appeal to
investors looking for a convenient means to access the global
gaming market. After all, betting with the house sometimes has its
advantages.� Founded in 1955, Van Eck Global was among the first
U.S. money managers helping investors achieve greater
diversification through global investing. The company managed over
$9.3 billion in assets for individuals, insurers and institutional
investors, as of December 31, 2007. BJK is the 11th ETF introduced
under Van Eck�s Market Vectors brand which includes sector, single
country and municipal bond ETFs. Market Vector ETFs had a total of
over $3.6 billion in assets under management as of yearend 2007.
Potential investors can get information on this ETF and the
underlying index by visiting www.vaneck.com/bjk. The Fund is
subject to various risks including those associated with making
investments in companies engaged in the gaming business such as
competitive pressures, changes in government regulation, world
events and economic conditions. Additional risks include
legislative changes, high correlation within the industry, changes
in consumer taste and risks related to foreign investments. Past
performance does not guarantee future results. The returns of WAGR
or of any index do not represent the performance of any ETF. WAGR
does not charge any fees, including management fees or brokerage
expenses, and no such fees or expenses were deducted from the
performance described. You cannot invest directly in an index. *All
performance information for WAGR covering the period prior to
December 10, 2007 is based on hypothetical, back-tested data. Prior
to that date, WAGR was not calculated in real time by an
independent calculation agent. Hypothetical back-tested performance
has inherent limitations and is not indicative of future results.
No representation is being made that any investment will achieve
performance similar to that shown. The S-Network Global Gaming
IndexSM (WAGR), a trademark of Stowe Global Indexes LLC, is
licensed for use by Van Eck Associates Corporation in connection
with�Market Vectors-Gaming ETF (BJK). Stowe Global Indexes LLC
neither sponsors or endorses BJK and makes no warranty or
representation as to the accuracy and/or completeness of�WAGR or
results to be obtained by any person�using WAGR in connection with
trading�BJK. WAGR is calculated and maintained by Standard &
Poor�s Custom Indices, which neither sponsors nor endorses BJK.
Fund shares are not individually redeemable and will be issued and
redeemed at their NAV only through certain authorized
broker-dealers in large, specified blocks of shares called
�creation units� and other wise can be bought and sold only through
exchange trading. Creation units are issued and redeemed
principally in kind. About Van Eck Global The firm has a 50+ year
tradition of offering global investment choices in hard assets,
emerging markets, precious metals including gold, and other
specialized asset classes. Van Eck Global�s investment products are
designed for investors seeking innovative choices for portfolio
diversification. They are often categorized in asset classes having
returns with low correlations to those of more traditional U.S.
equity and fixed income investments. About the American Stock
Exchange� The American Stock Exchange� (Amex�) offers trading
across a full range of equities, options and exchange traded funds
(ETFs), including structured products and HOLDRSSM. In addition to
its role as a national equities market, the Amex� is the pioneer of
the ETF, responsible for bringing the first domestic product to
market in 1993. Leading the industry in ETF listings, the Amex�
currently lists 383 ETFs. The Amex� is also one of the largest
options exchanges in the U.S., trading options on broad-based and
sector indexes as well as domestic and foreign stocks. Investors
may call 1.888.MKT.VCTR or visit www.vaneck.com/etf for a free
prospectus or for the performance information current to the most
recent month end for each Market Vectors ETF. Investors should
consider the investment objective, risks and charges and expenses
carefully before investing. Each Market Vectors ETF prospectus
contains this and other information. Please read the relevant
prospectus carefully before investing. There are risks associated
with investing including the possible loss of principal.
VanEck Vectors Gaming ETF (AMEX:BJK)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
VanEck Vectors Gaming ETF (AMEX:BJK)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025
Real-Time news about VanEck Vectors Gaming ETF (American Stock Exchange): 0 recent articles
Más de Van Eck Global ArtÃculos de Noticias