Solactive appointed as Index Provider for first Canadian eSports and eGaming ETF

 Solactive appointed as Index Provider for first Canadian eSports and eGaming ETF
17.06.2019 01:10 pm

Solactive appointed as Index Provider for first Canadian eSports and eGaming ETF


Solactive announces the release of its Solactive eGaming Index. It serves as the underlying of the Evolve E-Gaming Index ETF (“HERO”) and includes companies active in eGaming and eSports, both of which are striving markets with robust performance potentials. Canadian ETF provider Evolve ETFs will be the first company to launch an ETF tracking the index.

eSports is a cultural phenomenon, and the rise of global communication has transformed what was once an individual pastime to become a worldwide billion-dollar industry. In 2018, the combined revenue of companies involved in the global eGaming industry topped USD 100 bn, setting a solid foundation for potential future growth. For investors to benefit from the momentum of the global eGaming market, Solactive developed its Solactive eGaming Index, which provides exposure to companies that are engaged in the eGaming segment. For example, the index includes global companies that run online gaming web sites and incorporates game producers for smartphones, PCs, handhelds, or dedicated consoles.

“When I got involved in computer games, it´s been thick pixels and a purely individual and local activity. Nowadays, gamers compete with others on a global scale, driving the value of companies that feed the players’ hunger for new impressions and me and my joystick skills got completely sidelined,” says Timo Pfeiffer, Head of Research at Solactive. “The development of the Solactive eGaming Index displays Solactive’s aspiration to be on the front line of trends. We strive to find for our clients an added value that they can pass on to their consumers. We are happy to collaborate with Evolve ETFs, as they recognized the potential of this increasingly growing market, making it possible for investors to participate in that evolution.”

“The launch of HERO marks an opportunity for Canadian investors to participate in another innovative sector positioned for exponential global growth,” said Raj Lala, President and CEO of Evolve“The momentum behind eGaming signifies a cultural shift in entertainment with 2.2 billion gamers globally. Additionally, almost 500 million people are expected to watch e-gaming events, leading to supplemental revenue sources for the industry from areas such as media rights and sponsorships. This year, the industry is forecasted for growth upwards of 38%.”

The Solactive eGaming Index features an individual weighting cap at 10% of every security included. Index Components are initially weighted according to their Security-level Market Capitalization.

Related News

Tink calls on national regulators to show flexibility around PSD2 implementation deadline to prevent open banking ‘cliff edge’

Open banking platform Tink is calling for National Competent Authorities (NCAs) - the national bodies responsible for overseeing PSD2 in EU member states - ... Read more »

Ossiam releases leveraged US Steepener ETF with Solactive index

At the moment, the US Treasury yield curve sits in the focus of investors. The reason the curve receives such attention lies in its slope, which is as flat as it was way back... Read more »

CryptoCompare’s July Exchange Review shows top ranked exchanges increasing market share, yet lower quality exchanges still dominate

CryptoCompare, the leading provider of cryptocurrency data and indices, today released its ... Read more »

BMLL Technologies launches Derived Data Service for bespoke trading analytics

BMLL Technologies, the cloud-based Capital Markets Data-Engineering-as-a-Service company, today announced the launch of its new Derived Data Service.  The platform enables... Read more »

Xceptor Launches New Podcast 'Unleash Your Data' In The Lead Up to Sibos 2019

Global data ingestion and transformation software provider Xceptor, is launching its new podcast  ‘Unleash Your... Read more »

The Derivatives Service Bureau reveals significant appetite for further data and cybersecurity analysis

The Derivatives Service Bureau (DSB), founded by the Association of National Numbering Agencies (ANNA) to facilitate the allocation and maintenance of International Securities... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel