Canada is about to get its first e-sports ETF

Video game enthusiasts looking to take their investments to the next level may soon be able to with Canada’s first global e-sports exchange-traded fund.

Evolve Funds Group Inc. filed a preliminary prospectus Thursday for the Evolve E-Gaming Index ETF.

Trading under the ticker HERO, the fund aims to track the Solactive Electronic Gaming Index – a basket of stocks involved in hardware, software and services connected to the e-sports industry.

Story continues below advertisement

With a management fee of 0.70 per cent, HERO will track 45 stocks in the Solactive index. Top holdings will include Nintendo Co. Ltd., Tencent Holdings Ltd., Electronic Arts Inc. and Activision Blizzard Inc., the developer of popular video games Overwatch and Call of Duty.

Evolve Funds’ chief executive officer Raj Lala – who also runs Evolve Marijuana Fund (SEED) – told The Globe and Mail he first began to look at the

... read more at: https://www.theglobeandmail.com/investing/markets/etfs/article-evolve-plans-canadas-first-e-sports-etf/