Drone Fliers, Video Gamers Rejoice: You've Got ETFs
In a sign that there are no limits to how focused exchange-traded funds can get, there is now an ETF dedicated to the drone economy. And just for good measure, there is also a video game ETF.
The PureFunds Drone Economy Strategy ETF (FactorShares Trust (NYSE: IFLY)) and the PureFunds Video Game Tech ETF (FactorShares Trust (NYSE: GAMR)) debuted Wednesday, courtesy of PureFunds, the issuer behind the popular PureFunds ISE Cyber Security ETF (NYSE: HACK).
Say Hello To Specialty
The PureFunds Drone Economy Strategy ETF follows the Reality Shares Drone Index (RSD), which is home to 47 companies. Those companies are selected based on a combination of projected drone technology revenue, involvement in the drone industry, services provided to companies directly involved in drone technology and expected drone-related revenue, according to a statement issued by PureFunds.
The PureFunds Video Game Tech ETF follows the EE Fund Video Game Tech Index (GMB), “which tracks thirty-six exchange-listed companies across the globe actively engaged in supporting or utilizing the video gaming industry,” according to a statement from PureFunds.
Publishers of video games, makers of related accessories and peripherals as well as “large conglomerates whose business models actively support the video game, interactive training, or simulation segments” are eligible for inclusion in GAMR and its underlying index.
“From mobile devices to personal computers, to consoles and set-top boxes, video games are enjoyed by over a billion people with estimates of global revenue approaching $100 billion annually,” according to PureFunds.
Both GAMR and IFLY charge 0.75 percent per year, or $75 per $10 invested.
HACK is the largest PureFunds ETF with nearly $724 million in assets under management.
Image Credit: Public Domain
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.