First Trust Global Portfolios has launched an internet ETF, providing investors with exposure to a basket of 40 internet-related stocks.
The First Trust Dow Jones Internet UCITS ETF tracks the Dow Jones Internet Composite index and has a total expense ratio (TER) of 0.55%. To be included in the universe, companies must generate over 50% of their revenues from internet commerce or services. Stocks must have a minimum of three months' trading history and an average float-adjusted market cap of over $100m to be included in the ETF. The ETF also provides exposure to the four mega-cap FANG stocks: Facebook; Amazon; Netflix and Google (Alphabet). Neil Goddin: Is the FAANGs story long in the tooth? Derek Fulton, CEO ...
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