Investors seeking to capitalize on the world’s rising online presence found huge returns in esports and gaming stocks in the first three quarters of 2020.
In fact, the two most prominent ‘esports and gaming’ Exchange Traded Funds (ETFs) on the market, HERO and ESPO, are respectively up 64% and 59% this year, while the tech-heavy NASDAQ 100 index has risen just 29%.
Even Bitcoin, often pegged as a “safe haven” asset during times of global unrest, hasn’t benefitted quite so much from our new normal as esports and gaming stocks.
ETFs work just like regular stocks, except they represent investment in an underlying portfolio of stocks rather than a company.
ETFs are available for almost every industry, and while they’re not without disadvantage they do offer retail buyers a low-effort alternative to choosing a balanced portfolio themselves.