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S-Network Global Gaming Index(SM) Returned -9.15 Percent in January |
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The S-Network Global Gaming Index(SM) (Bloomberg ticker: WAGR) returned -9.14 percent in January and gained 5.60 percent in the year ending January 31, 2007. |
The Index is comprised of a basket of the securities of 69 companies from around the world that are engaged in the gaming industry including casinos and resorts, equipment and technologies, sports and race wagering, online gaming and horse racing. The Index, launched on December 10, 2007 includes many companies of global prominence including International Game Technology, MGM Mirage and Las Vegas Sands Corp. (representing 10.7%, 7.6% and 7.1% of the Index as of January 31, 2008).
Market Vectors-Gaming ETF (Amex: BJK) is an exchange-traded fund that seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Index. BJK generally holds all of the securities that comprise the Index in proportion to their weighting in the Index.
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