The eSports and gaming industry has been experiencing explosive growth in recent years, with more and more people tuning in to watch competitive gaming tournaments and investing in gaming companies. If you're looking to get in on the action and invest in this booming industry, one way to do so is through index funds and exchange traded funds (ETFs).
Index funds and ETFs are investment vehicles that allow you to invest in a diversified portfolio of companies within a specific industry or sector. By investing in an index fund or ETF that tracks the performance of the eSports and gaming industry, you can gain exposure to a wide range of companies that are involved in the sector, without having to pick individual stocks.
One popular ETF that tracks the performance of the gaming industry is the VanEck Vectors Video Gaming and eSports ETF (ESPO). This ETF invests in companies that generate at least 50% of their revenues from video gaming and eSports, including game developers, hardware manufacturers, and streaming platforms. By investing in ESPO, you can gain exposure to companies like NVIDIA, Activision Blizzard, and Tencent, all of which have seen significant growth in recent years.
Another option for investing in the eSports and gaming industry is the Defiance Next Gen Video Gaming ETF (VIDG), which tracks the performance of companies involved in the development and distribution of video games, eSports, and related hardware and software. This ETF includes companies like Electronic Arts, Take Two Interactive, and Logitech, giving investors exposure to a wide range of companies within the industry.
Investing in index funds and ETFs that track the performance of the eSports and gaming industry can be a great way to diversify your portfolio and capitalize on the growth of this exciting sector. With the popularity of competitive gaming continuing to rise, now may be the perfect time to consider adding exposure to the eSports and gaming industry to your investment portfolio.