IoT Targeted ETF Announced


Sep 15 2016

Global X is a New York-based sponsor of exchange-traded funds (ETFs). Founded in 2008 the firm announced 3 new Thematic Technology ETFs: Robotics & AI, FinTech, and Internet of Things to add to its portfolio.

The index follows four Internet of Things themes:

  • Consumer IoT Technology
  • Equipment, Vehicle, and Infrastructure/Building Technology
  • Semiconductors and Sensors and
  • Networking Infrastructure/ Software

As of July 1, 2016, companies must have a minimum market capitalization of $100 million and a minimum average daily turnover for the last 6 months greater than or equal to $2 million in order to be eligible for inclusion in the Underlying Index.


More Details

Highlights

+ Global X's Thematic suite, has fifteen funds and approximately $1 billion in assets under management

+ Management Fees are 0.68%

+ Largest Holdings as of 9/2016: WASION GROUP LTD, ADVANTECH CO LTD ORD, STMICROELECTRONICS N.V, BROCADE COMMUNICATIONS SYS, CYPRESS SEMICONDUCTOR CORP

Additional Coverage

- http://www.globalxfunds.com/connecting-to-the-internet-of-things




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