NEW YORK, Aug. 4, 2020 /PRNewswire/ -- The Roundhill
BITKRAFT Esports & Digital Entertainment ETF (NYSE:
NERD) made a new 52-week high on Monday,
August 3, closing at a price of $24.58. As of Monday's close, NERD has more than
doubled (+106.40%) off its 52-week low of $11.91 it traded at on March 16th. NERD is the 13th best performing
equity ETF in the U.S. this year (out of 1,394, not including
leveraged funds). As of the most recent quarter end on 6/30/2020,
NERD was up 35.96% year-over-year and 43.04% since inception
(6/4/2019).
Roundhill co-founder Tim Maloney
commented: "We believe that the esports and digital entertainment
sector is uniquely positioned to perform in today's environment as
the global economy shifts from physical to digital. As a result of
global 'stay-at-home' orders, second quarter earnings in the sector
are likely to be strong, in our view. However, we believe that the
recent acceleration of sector growth is representative of a
longer-term secular trend, and that gaming will continue to grow
well beyond this year."
NERD seeks to provide exposure to the esports and digital
entertainment industry. Top holdings include Chinese livestreaming
platforms Huya (HUYA) and Douyu (DOYU), internet
giant Tencent (700 HK), and
Modern Times Group (MTGB SS), the parent company of esports
operators ESL and Dreamhack.
To learn more about the fund and its holdings, please visit
roundhillinvesments.com/etf/nerd.
Roundhill is also the adviser to BETZ, the sports betting and
iGaming ETF, which has garnered $85
million in assets within its first two months.
About Roundhill Investments
Roundhill Investments is a
registered investment adviser and ETF sponsor focused on thematic
and sector-specific investing. We create thoughtful investment
products designed to help investors express their vision of the
future. To learn more about the company, please visit
roundhillinvestments.com.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. For a prospectus
or summary prospectus with this and other information about the
NERD ETF please call 1-855-561-5728 or visit the website at
roundhillinvesments.com/etf/nerd. Read the prospectus or
summary prospectus carefully before investing. Click here for
holdings and standardized performance.
Investing involves risk, including possible loss of
principal. Esports and gaming companies face intense competition,
both domestically and internationally, may have limited product
lines, markets, financial resources, or personnel, may have
products that face rapid obsolescence, and are heavily dependent on
the protection of patent and intellectual property rights. Such
factors may adversely affect the profitability and value of esports
and gaming companies. Investments made in small and
mid-capitalization companies may be more volatile and less liquid
due to limited resources or product lines and more sensitive to
economic factors. Fund investments will be concentrated in an
industry or group of industries, and the value of Fund shares may
rise and fall more than more diversified funds. Foreign investing
involves social and political instability, market illiquidity,
exchange-rate fluctuation, high volatility and limited regulation
risks. Emerging markets involve different and greater risks, as
they are smaller, less liquid and more volatile than more developed
countries. Depositary Receipts involve risks similar to those
associated with investments in foreign securities, but may not
provide a return that corresponds precisely with that of the
underlying shares. Please see the prospectus for details of
these and other risks.
Shares are bought and sold at market price not net asset value
(NAV) and are not individually redeemed from the Fund. Brokerage
commissions will reduce returns.
Roundhill Financial Inc serves as the investment advisor. The Funds
are distributed by Foreside Fund Services, LLC which is not
affiliated with Roundhill Financial Inc, U.S. Bank or any of their
affiliates.
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SOURCE Roundhill Investments