beginning quotation mark

The BIGGEST GROWTH OPPORTUNITY In The HISTORY Of Capitalism

-McKinsey & Co.

Smartphone revolution graphic
Indian family with smartphone

Understanding FMQQ

The Next Frontier Internet ETF, FMQQ, is designed to provide investors with exposure to the Internet and Ecommerce sectors of the developing world except for China. Many investors believe that the growth of consumption in frontier and emerging markets represents a significant growth opportunity as more than one billion people are expected to enter the consumer class in the coming decades1. Increasingly, these consumers are using cheap smartphones and affordable broadband mobile connections to access the Internet, opening a world of discovery and wonder.

FMQQ holds over 80 companies operating in Frontier and Emerging markets, including India, Brazil, Indonesia, Russia, South Korea, South Africa, Mexico, Argentina, Malaysia, Thailand, Vietnam, Philippines, Turkey, Czech Republic, Poland, Columbia, Singapore, Cyprus, and the United Arab Emirates.

 

Sources: 1. Brookings, Global Economy and Development: The Unprecedented Expansion of the Global Middle Class

Top 10 Holdings

As of 07/17/2024

RELIANCE INDUSTRIES LTD ORD

8.43%

NU HOLDINGS LTD

7.46%

MERCADOLIBRE INC

6.95%

SEA LTD

6.42%

KASPI.KZ JSC SPONSORED ADS

5.70%

ZOMATO LTD

5.22%

BAJAJ FINANCE LTD

4.53%

JIO FINANCIAL SERVICES LTD

4.30%

XP INC

4.21%

GRAB HOLDINGS LTD - CL A

4.10%

Holdings are subject to change

Country Weightings

As of 3/31/2024

Average Ecommerce Penetration in FMQQ countries is only 5%

Growing Rapidly, Infrastructure
Developing around Internet Technology

Compared to 20%
in the USA

Increasing at a slower rate, Technology
Developing to work with Existing Infrastructure

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