It is now possible to buy shares of large gaming companies on the Moscow Stock Exchange. Among them are Activision Blizzard, Sony, EA and others. Trading is carried out through an exchange-traded investment fund (ETF), and the commission will be 0.9% per annum.The auction began on July 14, the official website of the Moscow Stock Exchange reports.
The new ETF fund is called FXES. It will be managed by FinEx Investment Management, which is part of the FinEx international investment group.
FXES tracks the flagship MVIS Global Video Gaming and eSports Index, which covers most of the gaming companies. Currently, the portfolio includes shares of 26 developers, publishers and hardware manufacturers. Among them are Electronic Arts, Activision Blizzard, AMD, Take-Two Interactive, Sony, Nintendo, Roblox, NVIDIA and MicroStar.
The shares included in the portfolio are denominated in eight currencies, and the fund itself is denominated only in rubles and US dollars. The stock price starts at $1.
Dynamics of the MVIS Global Video Gaming and eSports Index”We have chosen this niche to launch the first thematic fund in the FinEx ETF line due to numerous requests from our clients.
People all over the world are increasingly playing, competing in cyberspace and even watching others play. This has not yet become a new mainstream, but it seems that this is not a passing fashion, but a long—term trend,” said Oleg Yankelev, senior partner at FinEx Investment Management.
In FinEx, the choice of the gaming industry will also be explained by the relatively low correlation of the stock of gaming companies with the index of the broad market. More information about the terms of the fund can be found here.
There are currently 94 exchange-traded funds operating on the Moscow Stock Exchange. For the first half of 2021, the total turnover on them exceeded 250 billion rubles, and the total value of net assets — $ 3 billion.