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First Trust launches First Trust Dow Jones International Internet ETF

ETF provider and asset manager First Trust Advisors (First Trust) has launched the First Trust Dow Jones International Internet ETF (FDNI) which seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an equity index called the Dow Jones International Internet Index.

The index is a float-adjusted market capitalisation weighted index designed to measure the performance of the 40 largest and most actively traded non-US international companies that generate a majority of their sales and revenue from internet-based activities.
The Internet is reaching further than ever before to connect our world, businesses and personal lives through what is known as the Internet of Things (IoT), or the billions of connected physical devices. The fund provides an easy way to gain exposure to international companies that may benefit from rapid technological changes as more people and devices across the globe connect to the Internet.
“The internet continues to be one of the most disruptive forces in the global economy, fuelling growth by increasing efficiency in many different industries. Just as the First Trust Dow Jones Internet Index Fund (FDN) provides exposure to US ecommerce and internet services stocks, this new ETF does so for international developed and emerging markets, where we see potential for robust revenue growth,” says Ryan Issakainen, CFA, Senior Vice President, Exchange Traded Fund Strategist at First Trust.

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