Roundhill Announces Changes to Roundhill BITKRAFT Esports & Digital Entertainment ETF (NYSE Arca: NERD)
Roundhill Investments announced significant changes to the Roundhill BITKRAFT Esports & Digital Entertainment ETF (NERD ETF), effective September 23, 2022. The ETF will be renamed the Roundhill Video Games ETF and will switch its underlying index to the Nasdaq CTA Global Video Games Software Index™, focusing on video game publishing and development companies. This transition aims to provide targeted exposure to the growing video game market, projected to reach $219 billion by 2024. Shareholders will not need to take any action.
- Transitioning to the Nasdaq CTA Global Video Games Software Index aims to enhance investment focus on the growing video game sector.
- Projected global gaming revenues expected to reach $219 billion by 2024 indicates strong growth potential.
- None.
NEW YORK, July 25, 2022 /PRNewswire/ -- Roundhill Investments, an ETF sponsor focused on offering innovative thematic funds, today announced several changes to its Roundhill BITKRAFT Esports & Digital Entertainment ETF ("NERD ETF").
Effective on or about September 23, 2022, the NERD ETF will change its underlying index and make related changes to its fund name, investment objective, and principal investment strategies. The underlying index and fund name changes are shown below. More information about the related changes to the NERD ETF's investment objective and principal investment strategies can be found on Roundhill Investments' website.
Current Name | New Name | Current Index | New Index |
Roundhill | Roundhill | Roundhill | Nasdaq CTA |
On or about September 23, 2022 the NERD ETF's new name will become the Roundhill Video Games ETF. The NERD ETF's underlying index will become the Nasdaq CTA Global Video Games Software Index™, which is designed to track the performance of exchange-listed companies engaged in video game publishing and/or video game development. The Nasdaq CTA Global Video Games Software Index™ excludes companies domiciled in China or Russia.
As the Adviser to the NERD ETF, Roundhill Investments believes that a transition from esports and digital entertainment to pure-play gaming software will provide targeted exposure for investors looking to invest in the potential growth of video games globally. As per Newzoo, global gaming revenues are expected to grow to
Shareholders will not be required to take any action as a result of these changes.
About Roundhill Investments:
Roundhill Investments is a U.S.-based investment adviser focused on developing innovative exchange-traded products. The firm's product lineup accounts for more than
Investors should consider the investment objectives, risk, 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 https://www.roundhillinvestments.com/etf/nerd/. Read the prospectus and summary prospectus carefully before investing.
Investing involves risk, including possible loss of principal. Esports 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 video 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
Roundhill Financial Inc. (d/b/a Roundhill Investments) serves as the investment advisor to the NERD ETF and other Roundhill ETFs (collectively, the "Roundhill Funds"). The Roundhill 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
FAQ
What changes are being made to the NERD ETF?
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Will NERD ETF shareholders need to take action due to the changes?
What index will the NERD ETF track after the changes?
