Jahanara Nissar is the former vice president and equities desk analyst of Alliance Bernstein in New York City. At the company, Jahanara Nissar collaborated in running the Internet trading book and generated investment ideas for exchange-traded fund (ETF) portfolios.
Internet ETFs are investment vehicles focused exclusively on companies that generate most of their revenues from Internet businesses. Examples include search engines and social media companies.
As of May 2022, more than 20 Internet ETFs are trading on US stock exchanges. KraneShares CSI China Internet ETF (Ticker - KWEB) is the largest, with $6.226 billion in assets under management. Issued by CICC, the ETF offers exposure to Chinese IT and software companies.
First Trust Dow Jones Internet Index Fund (Ticker - FDN) is the second largest with $4.279 billion in assets, followed by ARK Next Generation Internet ETF (Ticker - ARKW) with $1.494 billion in assets. FDN, issued by First Trust, includes companies that earn more than 50 percent of their revenue from the Internet and does not exclusively have technology companies. ARKK, issued by ARK Invest, includes next-generation Internet companies, specifically large-cap growth Internet companies in the United States.
Other large Internet ETFs trading on US exchanges are Emerging Markets Internet & Ecommerce ETF (Ticker - EMQQ), Roundhill Ball Metaverse ETF (Ticker - METV), and Invesco NASDAQ Internet ETF (Ticker - PNQI). EMQQ has $589 million in assets, while METV has $529 million and PNQI $513 million.
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