Amplify Revamps Video Game Tech ETF With New Index

The Amplify Video Game Tech ETF (GAMR C) has changed its underlying index and is now tracking the VettaFi Video Game Leaders Index (VGAME), effective January 28. GAMR launched in 2016 and has $40 million in assets under management.

GAMR offers exposure to global companies in the video gaming value chain. This includes game development, publishing, mobile and online games, GPUs, development platforms, supporting software, hardware, peripherals, and the metaverse.

GAMR’s new underlying index is a concentrated portfolio of companies that are components of the video gaming value chain. The index comprises 20 companies as of January 28 with a market cap of $9.5 trillion.

Nearly 58% of the index by weight is in U.S.-based companies. Additionally, Japan, China, and Singapore represent 17%, 15%, and 5% of the index by weight, respectively. Finally, Australia and Taiwan each make up around 2.5% of the index by weight.

Furthermore, the top 10 names in the index as of January 28 include NVIDIA, Meta Platforms, Microsoft, Advanced Micro Devices, Tencent Holdings, Applovin, NetEase, Nintendo, Sea, and Sony Group.

GAMR was added to Amplify’s lineup through the purchase of ETF Managers Group’s 14 funds in 2023. Through the deal, Amplify added several thematic ETFs in potentially disruptive industries, bolstering its existing thematic ETF offerings. 

See more: Amplify’s Christian Magoon on Purchase of ETFMG’s ETFs

Other ETFs that offer exposure to the video game industry include the VanEck Gaming ETF (BJK C+), the Roundhill Video Games ETF (NERD B), and the Global X Video Games & Esports ETF (HERO B+).

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VettaFi LLC (“VettaFi”) is the index provider for GAMR, for which it receives an index licensing fee. However, GAMR is not issued, sponsored, endorsed or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing or trading of GAMR.