ETFs To Play The Solid Outlook From Netflix, Inc. [First Trust DJ Internet Index Fund (ETF)]

For those investors, we have highlighted two ETFs with a higher allocation to Netflix and potential to be big movers in the coming days. These have a Zacks Rank of 3 or ‘Hold’ rating with a High risk outlook.

PowerShares Nasdaq Internet Portfolio (NASDAQ:PNQI)

This fund follows the Nasdaq Internet Index, giving investors exposure to the broad Internet industry. The fund holds about 99 stocks in its basket with AUM of $322.6 million while charging 60 bps in fees per year. It trades in moderate volume of more than 73,000 shares a day.

Netflix takes the seventh spot with 4.12% of assets. In terms of industrial exposure, Internet software & services makes up for more than two-third share in the basket, followed by Internet & catalog retail. PNQI is down 1% so far this year.

First Trust Dow Jones Internet Index (NYSE:FDN)

This is one of the popular and liquid ETFs in the broad tech space with AUM of over $1.7 billion and average daily volume of more than 578,000 shares. The fund tracks the Dow Jones Internet Composite Index and charges 57 bps in fees per year.

Holding 42 stocks in its basket, Netflix occupies the ninth position with 4.15% share. From a sector look, Internet mobile applications account for more than half the portfolio while Internet retail make up for 26% of assets. The ETF has lost nearly 1.3% year to date.

This article is brought to you courtesy of Sweta Killa.

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