FYI: First Trust is listing an international internet ETF to complement its massive and massively profitable $8bn US internet ETF FDN. The First Trust Dow Jones International Internet ETF (FDNI) will track an index of non-US companies that make most of their money through internet commerce and services.
The new fund starts with the S&P Global ex-U.S. Index. It then picks 40 companies from outside the US – from both developed and emerging markets – that make most of their money “from providing goods or services through the Internet,” the prospectus says. Twenty companies are chosen from ecommerce, while the other twenty chosen are internet service providers
Regards,
Ted
http://www.etfstream.com/news/5023_first-trust-lists-international-internet-etf
