The Market Vectors Gaming ETF (NYSEArca: BJK) rose 2.0% Friday and was trading about 5.3% above its 200-day simple moving average. BJK jumped 8.2% over the past month and was up 3.9% year-to-date.
The gaming ETF enjoyed a bump Friday after Macquarie Research upgraded the Macau casino industry to Neutral, anticipating this year’s gross gaming revenue to only dip by 6%, compared to previous forecasts of a 13% decline, reports Shuli Ren for Barron’s.
Over 260 U.S.-listed ETFs feature some exposure to China with marquee names including the iShares China Large-Cap ETF, which is the largest China-related ETF that tracks Chinese companies listed on the Hong Kong stock exchange. H-shares, or the Chinese stocks trading in Hong Kong are some of the least expensive stocks in the world and FXI has a price-to-earnings ratio below that of the MSCI Emerging Markets Index. [Cheap EM ETFs]
iShares China Large-Cap ETF
