New Gaming and Casino Fund Has Successful First Month
Income Access and Gaming Partners make a splash
Friday 5th May 2006
The Gaming and Casino Fund (GACFX) is the first and only mutual fund to specialize in the Gaming and Casino Industry and has begun life well by gaining 6.00% in April - its first full month in operation.
The fund out-performed the overall stock market by a wide margin, as the Standard & Poor’s 500 Index returned 1.22% for the month.
The no-load mutual fund opened with an inception date of March 31, 2006 and a price of $10.00 per share.
Dan Ahrens, the Fund’s Portfolio Manager, said, “In the past month we’ve seen record-breaking earning announcements from a number of the top casino gaming companies. It didn’t seem to matter went on with the economy or gas prices, people found their way to the casinos and race tracks.”
The Fund invests at least 80% of its assets in casinos, gaming manufacturers, pari-mutuel companies, and lottery support systems, as well as electronic/video game developers, manufacturers, and distributors.
Complete Fund information is available at the website, www.gamingandcasinofund.com, where potential investors can view and download the Fund’s prospectus and account applications.
The Gaming and Casino Fund (GACFX) is the first and only mutual fund to specialize in the Gaming and Casino Industry and has begun life well by gaining 6.00% in April - its first full month in operation.