Today a new issuer has burst onto the ETF scene with an unusual product. The TigerShares China-U.S. Internet Titans ETF (TTTN) covers the 10 largest internet companies in China and in the U.S.
TTTN comes with an expense ratio of 0.59% and lists on the Nasdaq stock exchange.
The fund’s underlying index weights companies by modified market capitalization, capping the weights of different companies according to their size to ensure diversification. Component companies are engaged primarily in the provision of internet services or in internet-related businesses.
As of TTTN’s launch, the fund’s largest components were Alphabet, Facebook, Tencent Holdings, Alibaba Group Holdings and Amazon.com, all weighted at 7-8% within the index.
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