BetaShares launches two new tech ETFs

BetaShares has launched an exchange traded fund that will give investors exposure to online retail businesses - the BetaShares Online Retail and E-Commerce ETF (IBUY) and an ETF that will invest in global video gaming and esport - the BetaShares Video Games and Esports ETF (GAME).

The BetaShares Online Retail and E-Commerce ETF (IBUY) will provide exposure to up to 100 leading global e-commerce companies. Companies in the ETF must derive at least 65 per cent of revenues from either online retail, online travel or online marketplace. The fund tracks the Solactive EQM online retail and e-commerce index.

"IBUY is the latest addition to our market leading suite of thematic ETFs that offer investors

exposure to high conviction megatrends that are changing the world around us. We are proud to offer the most extensive range of thematic ETFs in the Australian market and are well advanced in our plans to expand our offering in this growing space throughout 2022," BetaShares chief executive officer, Alex Vynokur said.

The BetaShares Video Games and Esports ETF tracks the Nasdaq CTA Global Video Games & ESports Index which comprises of 49 of some of the biggest global names in video and esports - such as Nintendo, Tencent and Roblox Corp.