First Trust Global launches internet ETF

TER of 0.55%

First Trust Global Portfolios has launched an internet ETF, providing investors with exposure to a basket of 40 internet-related stocks.

The First Trust Dow Jones Internet UCITS ETF tracks the Dow Jones Internet Composite index and has a total expense ratio (TER) of 0.55%. To be included in the universe, companies must generate over 50% of their revenues from internet commerce or services. Stocks must have a minimum of three months' trading history and an average float-adjusted market cap of over $100m to be included in the ETF. The ETF also provides exposure to the four mega-cap FANG stocks: Facebook; Amazon; Netflix and Google (Alphabet). First Trust's CEO: Ratings agencies should put ETFs on equal footing with...