First Trust US IPO Index Fund (NYSEARCA:FPX)
This ETF provides exposure to the booming U.S. IPO market by tracking the IPOX-100 U.S. Index. The fund has accumulated $485 million in AUM and charges 60 bps in fees a year. Volume is moderate as it exchanges nearly 115,000 shares in hand on average (read: After GoPro, What’s Next for IPO Market and ETFs?).
In total, the fund holds 100 securities in its basket with FB at the top having 10.68% allocation. The product is slight tilted toward consumer discretionary at 25.2% while information technology, healthcare and energy off the next three spots. FPX has added over 6% so far this year.
PowerShares Nasdaq Internet Portfolio (NASDAQ:PNQI)
This fund follows the Nasdaq Internet Index, giving investors exposure to the broad Internet industry. The fund holds 99 stocks in its basket with AUM of $322.6 million while charging 60 bps in fees per year. The ETF trades in moderate volume of nearly 72,500 shares a day.
Facebook occupies the second position in the basket with 8.28% of assets. In terms of industry exposure, Internet software & services makes up for more than two-third share in the basket, followed by Internet retail (30.4%). PNQI recovered its losses made from the high beta and high growth pain and is just 0.12% lower year to date. It has a Zacks ETF Rank of 3 with a Medium risk outlook.
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