January 29, 2008 at 10:00 am by Tom Lydon
One area of the entertainment industry that doesn’t appear to be suffering in the wake of the writer’s strike and the otherwise tough economic climate is gaming, and the exchange traded fund (ETF) industry is launching funds to cover the sector.
Murray Coleman for Index Universe breaks down the new Market Vectors Gaming (BJK), launched despite poor performance from two rivals: the PowerShares Dynamic Leisure & Entertainment (PEJ) and the FocusShares ISE SINdex (PUF).
Las Vegas remains a draw. The Super Bowl is coming up, and Sin City is a major destination for conventions. So far, there isn’t a whole lot of evidence that the recent correction has put a hit on Vegas. For exposure to casinos, BJK is the purest play on the sector.
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