Understanding FMQQ
The Next Frontier Internet + Ecommerce 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 04/23/2024
RELIANCE INDUSTRIES LTD ORD
— 8.88%
SEA LTD
— 8.51%
NU HOLDINGS LTD
— 7.28%
BAJAJ FINANCE LTD
— 6.45%
COUPANG INC
— 6.27%
JIO FINANCIAL SERVICES LTD
— 6.03%
MERCADOLIBRE ORD
— 5.45%
NAVER CORP
— 4.76%
ZOMATO LTD
— 4.69%
KAKAO CORP
— 3.58%
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
Recent News
FMQQ Investment Strategy
FMQQ is designed to provide investors with exposure to the Internet and Ecommerce sectors of the developing world. Many investors believe that the growth of consumption in 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 smartphones and broadband mobile connections to access the Internet. FMQQ holds over 80 companies operating in Emerging and Frontier Markets beyond China, such as India, Brazil, Russia (temporarily marked to a penny per share, $0.01), South Korea, Taiwan, South Africa, Mexico, Argentina, Malaysia, Thailand, Indonesia, Vietnam, Philippines, Turkey, Czech Republic, Poland, Singapore, Netherlands, Cyprus, Kazakhstan, and the United Arab Emirates.