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.
+ 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