The global economic outlook is brightening, and consumers are finally letting loose after years of penny pinching. With the improving confidence, Lady Luck is smiling on gaming stocks and exchange traded funds.
The Market Vectors Gaming ETF (NYSEArca: BJK), which global gaming companies, has increased 20.9% year-to-date and surged 39.2% over the past year. BJK has a 0.65% expense ratio.
The fund has a broad global scope, with country allocations including U.S. 28.2%, China 24.5%, U.K. 14.1%, Australia 10.3%, Malaysia 8.1%, Japan 4.6%, South Korea 2.6%, Ireland 2.3%, Greece 1.5% and New Zealand 0.8%.
Van Eck’s Market Vectors particularly points out the “fast-growing gaming marketplaces of China, Malaysia and others, as well as U.S.-based organizations.”
Top holdings include Sands China 8.2%, Las Vegas Sands 8.0%, Wynn Resorts 7.2%, Galaxy Entertainment Group 6.6% and Genting 4.9%.
In China’s Macau special gambling district, Las Vegas Sands, MGM Resorts and Wynn resorts are benefiting from an influx of Chinese tourists as economic conditions improve, reports James Detar for Investor’s Business Daily.