Global X licenses ARTIS-based Solactive Video Games & Esports Index for new ETF
Global X has launched the Global X Video Games & Esports ETF, tracking Solactive’s ARTIS-based Video Games & Esports Index.
The index, to date, includes 38 companies picked by Solactive’s proprietary Natural Language Processing Engine ARTIS, which utilises advanced algorithms to parse large volumes of public documents evaluating companies’ relevancy to various themes or topics. The sophisticated procedure ranks potential index constituents according to proprietary criteria, considering not only a company’s exposure to a theme but also the company’s importance to the theme.
“I grew up witnessing the rise of personal computers and games, and it was, back then, unimaginable to me what economic potential would lie in video games and the gaming industry,” says Timo Pfeiffer, Chief Markets Officer at Solactive. “Global X’s push to translate both the gaming and esports industry’s potential into an investable product shows its foresight and innovative spirit. We are proud to function as Global X’s partner in the release of this novel ETF.”