Internet Giants ETF Launches
ETF.com Staff | June 05, 2018
O’Shares ETF Investments, the issuer headed by Kevin O’Leary, best known for his ABC “Shark Tank” fame, today launched an ETF focused on the largest, high-quality internet and ecommerce companies globally.
The O’Shares Global Internet Giants ETF (OGIG), listed on NYSE Arca, tracks a proprietary O’Shares index comprising 52 companies, with a total market capitalization of $4.45 trillion. The methodology looks to capture quality and growth names in the internet technology and e-commerce segments.
This is a growing area of the market other ETFs have accessed to varying degrees. Think funds such as the SPDR S&P Internet ETF (XWEB), which tracks an equal-weighted index of internet retail, software and services companies; the Global X Internet of Things ETF (SNSR); and the PowerShares NASDAQ Internet ETF (PNQI), to name a few. Each brings its own twist to the space.
OGIG’s list of top portfolio holdings is a who’s who of tech and e-commerce giants, led by Alibaba, Amazon, Facebook and Alphabet, each representing 6-6.5% of the portfolio. Securities are weighted by market capitalization modified by revenue growth, according to the issuer.
Tencent, Netflix and Microsoft are also in the top mix. OGIG is 75% allocated to information technology names, 24% to consumer discretionary and 1% to industrials.
From a country perspective, global-in-scope OGIG is heavily tilted toward U.S. stocks, altogether representing about 54% of the portfolio. China (31%), U.K., Japan, Canada, Germany, Argentina and Australia round out the country exposure.
OGIG costs 0.48% in expense ratio, or $48 per $10,000 invested. It’s O’Shares’ sixth U.S.-listed ETF.
Contact Cinthia Murphy at [email protected]
OGIG Fund Page | OGIG Holdings
|Name (As of 04/01/2020)||Country||Sector||Fund Weight|
|Amazon.com Inc||US||Consumer Discretionary||6.48%|
|Tencent Holdings Ltd||CN||Communication Services||5.79%|
|Alibaba Group Holding Ltd||CN||Consumer Discretionary||5.77%|
|Alphabet Inc||US||Communication Services||5.65%|
|Microsoft Corp||US||Information Technology||5.57%|
|Facebook Inc||US||Communication Services||4.37%|
|Zoom Video Communications Inc||US||Information Technology||2.15%|
|Netflix Inc||US||Communication Services||2.00%|
|Meituan Dianping||CN||Consumer Discretionary||1.99%|
|Crowdstrike Holdings Inc||US||Information Technology||1.94%|
|Pinduoduo Inc||CN||Consumer Discretionary||1.93%|
|Shopify Inc||CA||Information Technology||1.77%|
|salesforce.com Inc||US||Information Technology||1.64%|
|Zscaler Inc||US||Information Technology||1.61%|
|Delivery Hero SE||DE||Consumer Discretionary||1.57%|
|Adobe Inc||US||Information Technology||1.57%|
|ServiceNow Inc||US||Information Technology||1.57%|
|Chewy Inc||US||Consumer Discretionary||1.56%|
|DocuSign Inc||US||Information Technology||1.48%|
|Okta Inc||US||Information Technology||1.43%|
|Snap Inc||US||Communication Services||1.42%|
|Bilibili Inc||CN||Communication Services||1.40%|
|Smartsheet Inc||US||Information Technology||1.38%|
|MercadoLibre Inc||AR||Consumer Discretionary||1.32%|
|Atlassian Corp PLC||GB||Information Technology||1.31%|
|Coupa Software Inc||US||Information Technology||1.29%|
|MongoDB Inc||US||Information Technology||1.28%|
|HUYA Inc||CN||Communication Services||1.23%|
|Pinterest Inc||US||Communication Services||1.21%|
|Elastic NV||US||Information Technology||1.20%|
|JD.com Inc||CN||Consumer Discretionary||1.20%|
|Twilio Inc||US||Information Technology||1.20%|
|RingCentral Inc||US||Information Technology||1.17%|
|Zillow Group Inc||US||Communication Services||1.15%|
|Kingsoft Corp Ltd||CN||Information Technology||1.11%|
|Zendesk Inc||US||Information Technology||1.10%|
|Splunk Inc||US||Information Technology||1.08%|
|Wayfair Inc||US||Consumer Discretionary||1.04%|
|Tencent Music Entertainment Gr||CN||Communication Services||0.99%|
|Trade Desk Inc/The||US||Information Technology||0.95%|
|Xero Ltd||NZ||Information Technology||0.94%|
|HubSpot Inc||US||Information Technology||0.86%|
|Avalara Inc||US||Information Technology||0.86%|
|Anaplan Inc||US||Information Technology||0.85%|
|Spotify Technology SA||SE||Communication Services||0.82%|
|Zynga Inc||US||Communication Services||0.80%|
|Workday Inc||US||Information Technology||0.80%|
|Fortinet Inc||US||Information Technology||0.79%|
|Palo Alto Networks Inc||US||Information Technology||0.77%|
|Ubisoft Entertainment SA||FR||Communication Services||0.74%|
|Wix.com Ltd||IL||Information Technology||0.74%|
|Etsy Inc||US||Consumer Discretionary||0.70%|
|VMware Inc||US||Information Technology||0.68%|
|Match Group Inc||US||Communication Services||0.66%|
|Zalando SE||DE||Consumer Discretionary||0.58%|
|Temenos AG||CH||Information Technology||0.56%|
|Momo Inc||CN||Communication Services||0.55%|
|LINE Corp||JP||Communication Services||0.54%|
|Guidewire Software Inc||US||Information Technology||0.52%|
|Trip.com Group Ltd||CN||Consumer Discretionary||0.50%|
|Intuit Inc||US||Information Technology||0.50%|
|Twitter Inc||US||Communication Services||0.49%|
|Rakuten Inc||JP||Consumer Discretionary||0.48%|
|Baidu Inc||CN||Communication Services||0.39%|
|Activision Blizzard Inc||US||Communication Services||0.33%|
|NetEase Inc||CN||Communication Services||0.30%|
|Booking Holdings Inc||US||Consumer Discretionary||0.29%|
|Z Holdings Corp||JP||Communication Services||0.28%|
|VeriSign Inc||US||Information Technology||0.26%|
|HONG KONG DOLLAR||Cash||0.00%|
|SOUTH KOREA WON||Cash||0.00%|
|NEW ZEALAND DOLLAR||Cash||0.00%|
Companies involved with the internet, technology and e-commerce are exposed to risks associated with rapid advances in technology, obsolescence of current products and services, the finite life of patents and the constant threat of global competition and substitutes.
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The securities of small capitalization companies are often more volatile and less liquid than the stocks of larger companies and may be more affected than other types of securities during market downturns. Compared to larger companies, small capitalization companies may have a shorter history of operations, and may have limited product lines, markets or financial resources.
Companies involved with Internet technology and e-commerce are exposed to risks associated with rapid advances in technology, obsolescence of current products and services, the finite life of patents and the constant threat of global competition and substitutes.
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