VanEck Vectors Gaming ETF (AMEX:BJK)
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From Oct 2019 to Oct 2024
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.