About FDN ETF
ETF Name: First Trust Internet ETF (FDN)
Sector: FDN has in Technology (67%), Consumer Cyclical (23%), Financials (4%), Telecommunications (4%) and Healthcare (3%).
Geography: FDN has invested 100% of its assets in the US.
Fund Manager Name: First Trust Advisors
ETF Description: FDN captures the Internet industry and holds the 40 biggest US internet companies, prominently featuring names like Amazon, Facebook and Alphabet (formerly Google).
What ETFdb says about it: This ETF offers exposure to companies that derive at least half of their sales from the Internet, a unique group of stocks that features a heavy tilt towards tech companies with a sprinkling of consumer firms as well.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. FDN's fee isn???t the lowest in the segment, but it trades better than other US internet ETFs, keeping all-in costs reasonable. The fund dominates the segment in assets too. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Founded in 1991, First Trust Advisors manages over $822M in assets. It is a privately owned investment manager and is based in Wheaton, Illinois with an additional office in Austin, Texas.
The Strongest ETF Sectors Of 2018 So Far Are??? (FDN)
The One ETF To Own The Top Internet Company Stocks (FDN)