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MVIS launches global video gaming and eSports index

MV Index Solutions has launched the MVIS Global Video Gaming and eSports Index (Ticker: MVESPO, MVESPOTR).

The firm writes that the index expands the portfolio of MVIS’ sector indices, all of which are licensed to underlie ETFs with approximately USD2.9 billion assets under management invested, as of July 13, 2018.
MVIS writes that MVESPO is a pure-play index which tracks the performance of the global companies which generate at least 50 per cent of their revenues (25 per cent for current components) from video gaming and eSports sector. These companies may include those that develop video games and related software/hardware, streaming services, and are involved in eSports events.
“The video game industry has grown faster than expected in recent years and will stay on its current trajectory with the proliferation of new technology alongside support from over a billion gamers worldwide,” says Thomas Kettner, Managing Director at MV Index Solutions. “Our pure-play strategy provides an opportunity to participate in this innovative and growing market, which makes our index unique.”
The MVIS Global Video Gaming and eSports Index is weighted by free float market capitalisation and is calculated in US Dollar as a price and a total return net index. Capping factors are applied to avoid overweighting of single index companies. The index is reviewed quarterly.

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