Game On for New ETF
January 24th at 3:00pm by Tom Lydon
The Market Vectors Gaming (BJK) exchange traded fund (ETF) sprang out of the gate today on the American Stock Exchange.
The fund tracks an index of 69 companies involved in the global gaming industry, including race tracks, sports and betting operations, online gaming and casinos.
We noted last month that gaming, at least in Las Vegas, appears to be one of those areas that is largely immune from the general economic condition. In fact, in Las Vegas, gambling returns were poised to break some records in 2007.
Another ETF with a gambling component is the FocusShares ISE SINdex (PUF), which launched on Dec. 7.
