What are ZuluTrade Investment Baskets?
In a world where stocks have regained their position as a leading traded market, with jaw dropping news and thrilling volatility, every investor’s attention is captured by these financial instruments.
ZuluTrade could not turn a blind eye to this fundamental change of investing and after offering more than 60 US stocks, we are in the fortunate position of announcing the launch of our new stock baskets!
So, what is a stock basket?
It is a combination of similar stocks (usually of the same sector) with specific weights (analogy of contracts) that offers a more balanced exposure to a collection of stocks rather than investing in just one.
Below, you can see the newest stock basket that ZuluTrade has launched!
Gaming Tech basket:
Gaming in the form of video games, eSports, and online gambling has soared in popularity in recent years, especially since the start of the COVID-19 pandemic that caused many consumers worldwide to begin working or sheltering at home.
The Gaming Tech stock basket was created in order to offer a more diversified and optimized investing option to ZuluTrade investors so as to capitalize from the growth of the Gaming and Tech companies.
The portfolio has its funds allocated in five of the biggest and most well known Gaming stocks in the world.
Advanced Micro Device, a semiconductor company that develops computer processors and related technologies for business and consumer markets. AMD’s main products include microprocessors, motherboard chipsets, embedded processors and graphics processors for servers, workstations, personal computers and embedded system applications.
NVIDIA, a technology company that designs graphics processing units for the gaming and professional markets, as well as system on a chip units for the mobile computing and automotive market.
Electronic Arts, the second largest video game company in the world, famous for developing games such as FIFA,Need for Speed and Mass Effect.
Activision Blizzard,the largest video game company in the world, famous for developing games such as Call of Duty,World of Warcraft and Overwatch.
And Intel, the world’s largest semiconductor chip manufacturer by revenue and the developer of the x86 series of microprocessors, the processors found in most personal computers.It also manufactures motherboard chipsets, network interface controllers and integrated circuits, flash memory, graphics chips, embedded processors and other devices related to communications and computing.
Their rounded weights are respectively: 21%, 29%, 16%, 21% and 13%
The weighting algorithm is based on the stocks’ long term average true range relative to their current price and to the Portfolio’s VaR.
The weights are subject to price fluctuation and would deviate.
The portfolio will be rebalanced on ZuluTrade’s discretion, based on market conditions.
Past performance is not indicative of future one.
That was our newest stock basket addition, new ones are coming soon and will be available to profit sharing accounts only!