LVS Results Lift the Market Vectors Gaming ETF Thursday, October 28, 12:31 PM ET, by Market News Video Staff Following strong earnings from the Las Vegas Sands (LVS), Barclays raised its price target on ...
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By Market News Video Staff, Thursday, December 9, 8:23 AM ET
The Market Vectors Gaming ETF (AMEX:BJK) makes up its top five holdings with Las Vegas Sands (NYSE:LVS), Wynn Resorts (NASDAQ:WYNN), Genting Bhd, Sands China and International Game Technology (NYSE:IGT).
The underlying index for the ETF is a rules-based, modified-capitalization-weighted, float-adjusted index intended to give investors exposure to the global gaming industry.
With a net expense ratio of 0.66%, and $123 million under management, BJK has returned over 28% in the last year. Their top holding, LVS has returned nearly 185% over the same period, while WYNN is up about 52%.
One advantage of the ETF versus buying individual gaming securities is gaining exposure to companies traded on foreign exchanges, that would normally be unavailable to, or hard to attain for investors in the US.
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