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Betting on Macau: 3 Gaming Stocks to Buy

Gaming companies with casinos in Macau are red-hot

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First Trust Hong Kong AlphaDEX Fund (FHK)

stocks to buy now Our last pick admittedly isn’t a stock, but it’s a great alternative if you aren’t a fan of the first two stocks on this list.

See, the First Trust Hong Kong AlphaDEX Fund (FHK) owns the 40 top-rated stocks from the S&P Hong Kong BMI universe — a collection of 385 Chinese companies whose stocks are listed on the Hong Kong exchange.

Take a quick look at its holdings and you’ll see that the four remaining casino operators in Macau are all held by the fund. Galaxy Entertainment Group (GXYEY) is the top holding at nearly 6%, MGM China Holdings (MCHVY) comes in at 5.3%, Melco Crown Entertainment (MPEL) weighs 2.4% and SJM Holdings (SJMHF) makes up nearly 2%.

Plus, the fund uses both value and growth factors when ranking potential stocks  — and that’s translated to impressive returns since February 2012.

If for some reason you don’t like LVS or WYNN, FHK gives you a perfect alternative.

As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

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