Global Internet Giants ETF (OGIG) Hits New 52-Week High
By: Sweta Jaiswal, FRM June 02, 2020
For investors looking for momentum, O’Shares Global Internet Giants ETF (OGIG) is probably a suitable pick. The fund just hit a 52-week high and is up 70.6% from its 52-week low price of $20.48/share.
Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
OGIG in Focus
This ETF seeks to track the performance (before fees and expenses) of the O’Shares Global Internet Giants Index. It is a rules-based ETF designed to provide investors with the means to tap the largest global companies that derive most of their revenues from the Internet and e-commerce sectors that exhibit quality and growth potential. It has AUM of $167.6 million and charges 48 basis points (bps) in annual fees.
Why the Move?
Due to the coronavirus outbreak, consumers are opting for online retailers to purchase food items and other goods and are resorting to video streaming services and other modes of in-house entertainment. In line with the rising online shopping trend, customers are resorting to digital payments to clear their bills, while merchants and utility providers are advocating the same. Also, the pandemic has resulted in some changes in the lifestyle and preferences of people. Most of the surveys have found that people are opting for online shopping over visiting a brick-and-mortar store for their purchases of essential food items and supplies. Even as the global economy starts to reopen in phases and social-distancing restrictions are being eased, people will try to minimize human-to-human contact. This is making funds like OGIG an attractive investment option.
More Gains Ahead?
It seems like the fund will remain strong, with a positive weighted alpha of 53.31, which gives cues of further rally.
Read on Zacks site.
Definitions:
Basis point: 1/100th of 1 percent or 0.01%. 48 basis points (bps) is equivalent to 0.48%
Alpha: A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a fund and compares its risk-adjusted performance to a benchmark index. The excess return of the fund relative to the return of the benchmark is a fund’s alpha.
Weighted Alpha: Measures performance of a security over a period of time, usually a year, with more weight given to recent activity.
The views expressed may change at any time after the date of this publication. There is no guarantee that any projection, forecast or opinion will be realized. Past performance does not guarantee future results.
The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund. Short-term performance may often reflect conditions that are likely not sustainable, and thus such performance may not be repeated in the future.
For the most recent standard performance of the Fund, click OGIG Fund Page.
OGIG Holdings
| Name (As of 01/25/2021) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| Amazon.com Inc | AMZN US | Consumer Discretionary | 5.693% | 13,546.00 | 023135106 |
| Tencent Holdings Ltd | 700 HK | Communication Services | 4.956% | 392,817.00 | KYG875721634 |
| Alibaba Group Holding Ltd | BABA US | Consumer Discretionary | 4.426% | 132,715.00 | 01609W102 |
| Alphabet Inc | GOOGL US | Communication Services | 4.043% | 16,728.00 | 02079K305 |
| Meituan | 3690 HK | Consumer Discretionary | 3.479% | 528,666.00 | KYG596691041 |
| Facebook Inc | FB US | Communication Services | 3.373% | 95,087.00 | 30303M102 |
| Microsoft Corp | MSFT US | Information Technology | 3.315% | 113,183.00 | 594918104 |
| Pinduoduo Inc | PDD US | Consumer Discretionary | 2.788% | 121,104.00 | 722304102 |
| Bilibili Inc | BILI US | Communication Services | 2.397% | 139,923.00 | 090040106 |
| Shopify Inc | SHOP CN | Information Technology | 2.205% | 14,330.00 | CA82509L1076 |
| MercadoLibre Inc | MELI US | Consumer Discretionary | 1.916% | 7,987.00 | 58733R102 |
| Zoom Video Communications Inc | ZM US | Information Technology | 1.870% | 37,411.00 | 98980L101 |
| Roku Inc | ROKU US | Communication Services | 1.802% | 33,106.00 | 77543R102 |
| Delivery Hero SE | DHER GR | Consumer Discretionary | 1.744% | 81,463.00 | DE000A2E4K43 |
| Zalando SE | ZAL GR | Consumer Discretionary | 1.726% | 111,094.00 | DE000ZAL1111 |
| Crowdstrike Holdings Inc | CRWD US | Information Technology | 1.701% | 61,301.00 | 22788C105 |
| NetEase Inc | NTES US | Communication Services | 1.559% | 98,275.00 | 64110W102 |
| Snap Inc | SNAP US | Communication Services | 1.533% | 223,951.00 | 83304A106 |
| JD.com Inc | JD US | Consumer Discretionary | 1.532% | 122,014.00 | 47215P106 |
| Just Eat Takeaway.com NV | TKWY NA | Consumer Discretionary | 1.434% | 97,536.00 | NL0012015705 |
| DocuSign Inc | DOCU US | Information Technology | 1.383% | 44,355.00 | 256163106 |
| Zscaler Inc | ZS US | Information Technology | 1.381% | 52,102.00 | 98980G102 |
| Netflix Inc | NFLX US | Communication Services | 1.370% | 19,289.00 | 64110L106 |
| Chewy Inc | CHWY US | Consumer Discretionary | 1.370% | 104,781.00 | 16679L109 |
| Tencent Music Entertainment Gr | TME US | Communication Services | 1.347% | 387,903.00 | 88034P109 |
| Pinterest Inc | PINS US | Communication Services | 1.345% | 143,624.00 | 72352L106 |
| Etsy Inc | ETSY US | Consumer Discretionary | 1.326% | 49,758.00 | 29786A106 |
| Fastly Inc | FSLY US | Information Technology | 1.272% | 94,734.00 | 31188V100 |
| ServiceNow Inc | NOW US | Information Technology | 1.264% | 18,415.00 | 81762P102 |
| Twilio Inc | TWLO US | Information Technology | 1.261% | 25,997.00 | 90138F102 |
| MongoDB Inc | MDB US | Information Technology | 1.237% | 26,264.00 | 60937P106 |
| Kingdee International Software | 268 HK | Information Technology | 1.226% | 2,112,215.00 | KYG525681477 |
| Zynga Inc | ZNGA US | Communication Services | 1.217% | 924,166.00 | 98986T108 |
| HelloFresh SE | HFG GR | Consumer Discretionary | 1.187% | 105,285.00 | DE000A161408 |
| Okta Inc | OKTA US | Information Technology | 1.170% | 34,793.00 | 679295105 |
| Ubisoft Entertainment SA | UBI FP | Communication Services | 1.169% | 90,368.00 | FR0000054470 |
| Smartsheet Inc | SMAR US | Information Technology | 1.142% | 126,900.00 | 83200N103 |
| Farfetch Ltd | FTCH US | Consumer Discretionary | 1.090% | 139,483.00 | 30744W107 |
| salesforce.com Inc | CRM US | Information Technology | 1.064% | 36,927.00 | 79466L302 |
| Adobe Inc | ADBE US | Information Technology | 1.019% | 16,869.00 | 00724F101 |
| Spotify Technology SA | SPOT US | Communication Services | 1.016% | 23,861.00 | L8681T102 |
| Zillow Group Inc | Z US | Communication Services | 0.994% | 53,057.00 | 98954M200 |
| RingCentral Inc | RNG US | Information Technology | 0.989% | 20,200.00 | 76680R206 |
| Coupa Software Inc | COUP US | Information Technology | 0.986% | 24,271.00 | 22266L106 |
| Wayfair Inc | W US | Consumer Discretionary | 0.984% | 26,199.00 | 94419L101 |
| Trade Desk Inc/The | TTD US | Information Technology | 0.976% | 9,733.00 | 88339J105 |
| TeamViewer AG | TMV GR | Information Technology | 0.956% | 144,331.00 | DE000A2YN900 |
| Xero Ltd | XRO AU | Information Technology | 0.953% | 70,499.00 | NZXROE0001S2 |
| Elastic NV | ESTC US | Information Technology | 0.943% | 44,903.00 | N14506104 |
| Atlassian Corp PLC | TEAM US | Information Technology | 0.921% | 31,245.00 | G06242104 |
| Zendesk Inc | ZEN US | Information Technology | 0.898% | 47,839.00 | 98936J101 |
| Wix.com Ltd | WIX US | Information Technology | 0.882% | 27,122.00 | M98068105 |
| Anaplan Inc | PLAN US | Information Technology | 0.781% | 88,589.00 | 03272L108 |
| Splunk Inc | SPLK US | Information Technology | 0.766% | 34,944.00 | 848637104 |
| Avalara Inc | AVLR US | Information Technology | 0.765% | 37,198.00 | 05338G106 |
| HubSpot Inc | HUBS US | Information Technology | 0.736% | 15,017.00 | 443573100 |
| Palo Alto Networks Inc | PANW US | Information Technology | 0.721% | 15,662.00 | 697435105 |
| Workday Inc | WDAY US | Information Technology | 0.705% | 23,516.00 | 98138H101 |
| Baidu Inc | BIDU US | Communication Services | 0.665% | 20,464.00 | 056752108 |
| Nexon Co Ltd | 3659 JP | Communication Services | 0.640% | 159,357.00 | JP3758190007 |
| Fortinet Inc | FTNT US | Information Technology | 0.621% | 32,082.00 | 34959E109 |
| Match Group Inc | MTCH US | Communication Services | 0.583% | 32,798.00 | 57667L107 |
| Z Holdings Corp | 4689 JP | Communication Services | 0.517% | 609,277.00 | JP3933800009 |
| Twitter Inc | TWTR US | Communication Services | 0.512% | 83,907.00 | 90184L102 |
| Activision Blizzard Inc | ATVI US | Communication Services | 0.452% | 37,901.00 | 00507V109 |
| Intuit Inc | INTU US | Information Technology | 0.437% | 9,156.00 | 461202103 |
| Booking Holdings Inc | BKNG US | Consumer Discretionary | 0.388% | 1,505.00 | 09857L108 |
| VMware Inc | VMW US | Information Technology | 0.302% | 17,347.00 | 928563402 |
| eBay Inc | EBAY US | Consumer Discretionary | 0.289% | 39,551.00 | 278642103 |
| Electronic Arts Inc | EA US | Communication Services | 0.258% | 13,795.00 | 285512109 |
| USD CURNCY | USD CURNCY | 0.022% | 173,624.42 | ||
| Ocado Group PLC | OCDO LN | Consumer Discretionary | 0.009% | 189,774.00 | GB00B3MBS747 |