EMQQ Founder Kevin T. Carter Debuts New ETF: The Next Frontier Internet and Ecommerce ETF (FMQQ)
Fund offers investors access to the companies leading the fast-growing ecommerce and internet sector in Emerging and Frontier markets of
FMQQ trades on the
“We launched EMQQ in 2014 with the conviction that internet and ecommerce companies in the developing world represented the best way to capture the real growth of emerging markets – the emerging markets consumer – and we’ve been right. Over the past decade the companies in EMQQ have grown their revenue from
“When we launched EMQQ 7 years ago, we had 42 companies – 12 of which were not Chinese. Those numbers have since grown and shifted dramatically and we’re launching FMQQ to provide investors a way to specifically capture the growth in the Emerging and Frontier Markets consumer story beyond China,” he added.
The FMQQ Index is currently comprised of 60 names, including top holdings such as MercadoLibre of
“China’s ecommerce market is now four times larger than the rest of the emerging markets ecommerce space combined, so it is important that investors have tools at their disposal that allow them to build an emerging markets portfolio with as much, or as little,
FMQQ seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the FMQQ the Next Frontier Internet and Ecommerce Index (FMQQetf.com). All securities must have more than $300mm in market cap and have more than 50% of its revenue come from Internet and/or Ecommerce businesses in emerging and frontier markets (excluding
FMQQ’s Index Committee includes such industry notables as Dr.
Carter notes that there are hundreds of unicorns in the developing world that are growing fast and that many are preparing to IPO. He points to examples like Paytm, an Indian digital payments leader which is targeting a
“Today, nearly 90% of the world’s population under the age of 30 lives in emerging and developing economies. By 2030, the global middle class is expected to swell to 5.5 billion people, with consumption in emerging markets totaling
FMQQ joins the Emerging Markets Internet and Ecommerce ETF: EMQQ (EMQQetf.com). Since launching in 2014, EMQQ has grown to over
Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s prospectus, which may be obtained by visiting www.fmqqetf.com. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. Investments in smaller and mid-sized companies typically exhibit higher volatility. The Fund is non-diversified. International investing may involve the risk of capital loss from unfavorable fluctuations in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Frontier and Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Frontier markets generally have less developed capital markets than traditional emerging market countries, and, consequently, the risks of investing in foreign securities are magnified in such countries. These countries are subject to potentially significant political, social and economic instability, which could materially and adversely affect the companies in which the Fund may invest. The Fund invests in the securities of Internet Companies, including internet services companies and internet retailers, and is subject to the risk that market or economic factors impacting technology companies and companies that rely heavily on technology advances could have a major effect on the value of the Fund’s investments.
The Funds are distributed by
2 Bloomberg, Big Tree Capital Analysis, as of
4 Brookings Global Economy & Development: “The Unprecedented Expansion of the Global Middle Class”