beginning quotation mark

The BIGGEST GROWTH OPPORTUNITY In The HISTORY Of Capitalism

-McKinsey & Co.

Billions of people are poised to enter the consuming class and gain access to smartphones, catalyzing a digital consumer revolution like we’ve never seen before.

Smartphone revolution graphic
Indian family with smartphone

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 09/22/2022

MERCADOLIBRE INC

8.85%

RELIANCE INDUSTRIES LTD ORD

8.50%

COUPANG INC

7.25%

SEA LTD

5.83%

JSC KASPI.KZ GDR-REG S

5.67%

GOTO GOJEK TOKOPEDIA TBK PT

5.42%

NAVER CORP

4.78%

KAKAO CORP

4.43%

NU HOLDINGS LTD

3.90%

NEXON CO. LTD

3.80%

Holdings are subject to change

Country Weightings

As of 06/30/2022

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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