Exclusive Interview: New Pure Play Streaming ETF Offers Exposure To Cord-Cutting, Global Stocks
Exclusive Interview: New Pure Play Streaming ETF Offers Exposure To Cord-Cutting, Global Stocks
The only pure play streaming ETF was launched on Wednesday by Roundhill Investments.
週三，圓山投資公司(Roundhill Investments)推出了唯一隻純播放流媒體ETF。
The company, which is also behind the Roundhill Bitkraft Esports & Digital Entertainment ETF (NYSE:NERD) and Roundhill Sports Betting & iGaming ETF (NYSE:BETZ), targets retail traders with unique thematic ETFs.
Roundhill associate Mario Stefanidis joined Benzinga live on Thursday to share details on the new ETF.
Roundhill合夥人馬里奧·斯特凡尼迪斯加盟Benzinga現場直播週四分享新ETF的細節。
New Streaming ETF: The goal of the Roundhill Streaming Services & Technology ETF (NYSE:SUBZ) is to capture all the streaming providers across several sectors.
新的流媒體ETF：我們的目標是環山流媒體服務與技術ETF紐約證券交易所代碼：子區域)的目標是捕獲多個行業的所有流媒體提供商。
Companies that derive a substantial portion of revenue from streaming services for categories like music, movie and health are included in the ETF.
ETF包括那些從音樂、電影和健康等類別的流媒體服務中獲得相當大一部分收入的公司。
“We were surprised that there were no other funds globally that just targeted streaming,” Stefanidis said.
斯特凡尼迪斯説：“全球沒有其他基金專門針對流媒體，這讓我們感到驚訝。”
The ETF launch comes with streaming being one of the hottest trends in the market and after the successful growth of companies like Netflix Inc (NASDAQ:NFLX) and Disney+ from Walt Disney Co (NYSE:DIS).
The ETF is actively managed, giving Roundhill flexibility to add additional companies based on trends or events.
ETF是積極管理的，使Roundhill能夠根據趨勢或事件靈活地增加更多公司。
The flexibility also allows the ETF to allocate positions to companies going public with IPOs prior to a normal quarterly rebalance.
這種靈活性還允許ETF在正常的季度再平衡之前，將頭寸分配給IPO上市公司。
ETF Holdings: The fund is made up of 35 holdings. Fifty percent of the ETF is U.S stocks, 25% is Chinese stocks and the rest comes from countries like Canada, India, Japan, South Korea and Sweden.
ETF控股：基金是杜撰持有35家公司的股份。50%的ETF是美國股票，25%是中國股票，其餘的來自加拿大、印度、日本、韓國和瑞典等國家。
The two largest Chinese esports streaming companies are featured in the fund: DouYu International (NASDAQ:DOYU) and HUYA Inc (NYSE:HUYA).
Even with the 50% U.S. weighting, Stefanidis told Benzinga that several of the names offer multinational exposure.
儘管在美國的權重為50%，斯特凡尼迪斯告訴本辛加，其中幾家公司提供了跨國敞口。
“Disney has STAR, one of the largest streaming services in India.”
迪士尼擁有STAR，這是印度最大的流媒體服務之一。
One name people may not be familiar with in the ETF is J-Stream Inc, which trades in Japan, he said.
他説，在ETF中，人們可能不熟悉的一個名字是在日本交易的J-Stream Inc。
“J Stream was the first company in Japan to offer streaming services.”
“J Stream是日本第一家提供流媒體服務的公司。”
The company is a holding company with five divisions offering content delivery for companies and also telemedicine. Stefanidis said the company is exclusive to Japan right now, but could expand internationally.
該公司是一家控股公司，有五個部門，為公司提供內容交付，還提供遠程醫療。斯特凡尼迪斯説，該公司目前在日本獨家經營，但可能會在國際上擴張。
The fund includes popular media streaming names like Netflix and Roku (NASDAQ:ROKU) in its top holdings.
該基金包括Netflix和Netflix等流行的流媒體公司羅庫(納斯達克：羅庫)在其最高持有量中。
Music streaming stocks like Spotify Technology (NYSE:SPOT) and Tencent Music Entertainment Group (NYSE:TME) are also in the ETF's top five holdings.
Peloton Interactive Inc (NASDAQ:PTON) could be another surprising addition to the ETF. The company does offer a streaming service to customers, which matches the ETF's thematic approach.
佩洛頓互動公司(納斯達克：PTON)可能是ETF的又一個令人驚訝的補充。該公司確實向客户提供流媒體服務，這與ETF的主題方法相匹配。
Some cable companies with streaming exposure are included in the ETF.
一些有流媒體敞口的有線電視公司被納入ETF。
AT&T Inc (NYSE:T) and Comcast Corp (NASDAQ:CMCSA) each have around a 1% allocation on the basis of the HBO Max and Peacock services, respectively.
Selling The ETF: Roundhill is targeting retail traders and was impressed with the day one reception of the ETF, Stefanidis said.
出售ETF：Stefan idis表示，Roundhill的目標客户是散户交易員，ETF首日受到的歡迎給他留下了深刻印象。
The ETF traded over 1 million shares on the first day it was offered, he said: “We couldn’t be more ecstatic about it.”
這隻ETF在發售的第一天就成交了逾100萬股，他説：“我們對此欣喜若狂。”
The average size order was under 300 shares, Stefanidis said, adding that this shows the ETF's strength with retail investors.
Stefan idis説，平均規模的訂單不到300股，並補充説，這顯示了ETF在散户投資者中的實力。
The selling points of the ETF are the continued cord-cutting trend in the U.S. and the global expansion of streaming services.
ETF的賣點是美國持續的割線趨勢和流媒體服務的全球擴張。
Pricing power is a key for streaming providers going forward. Stefanidis pointed to Netflix raising the price of its monthly service by $1 and seeing the shares go up in reaction.
定價權是流媒體提供商未來發展的關鍵。斯特凡尼迪斯指出，Netflix將其月度服務的價格提高了1美元，並看到股價上漲。
The Roundhill Streaming Services & Technology ETF is expected to soon have options for investors to trade as well. The company’s BETZ ETF had options a week after it went public.
預計Roundhill Streaming Services&Technology ETF很快也將有供投資者交易的選擇。該公司的Betz ETF在上市一週後擁有期權。
Photo courtesy of Disney.
照片由迪士尼提供。
譯文內容由第三人軟體翻譯。