The ETF allocates 37.3% of its weight to U.S. stocks with Australia and China combining for a quarter of the fund’s weight.

“Wynn Resorts is one of BJK’s top holdings, and the shares have been flying up the charts in 2017. Year-to-date, WYNN stock has added a noteworthy 69.3%. More recently, the security pulled back briefly after hitting a two-year high of $147.90 one week ago, but found a quick floor at its 30-day moving average — a trendline that served as support earlier this year — and was last seen trading at $146.50,” notes Schaeffer’s.

Some industry analysts see opportunity with Macau stocks. Macau is the only Chinese territory where gambling is legal. The city is trying to rebuild its market with shops, restaurants, entertainment shows and other non-gaming attractions to bring in more middle-class tourism.

The $23.4 million BJK holds 40 stocks. BJK resides 11.5% above its 200-day moving average after hitting a 52-week high last Friday.

For more information on the ETF market, visit our ETF performance reports category.