Amazon Is Dragging These ETFs Higher

January 09, 2013

 

Despite a slight decline in share price and what many feel is an overvalued stock, Amazon continues to provide funds that hold it with fuel for a short-term rally, according to an article on Benzinga.

While investors seeking exposure to the online retailer are often drawn to the PowerShares QQQ Trust (NasdaqGM: QQQ), the “Q’s” only allocates 3.87 percent of its portfolio weight toward Amazon. For more exposure to Amazon, consider funds like the First Trust Dow Jones Internet Index Fund (NYSEArca: FDN), the article said.

The PowerShares Nasdaq Internet Portfolio (NYSEArca: PNQI) was listed as an alternative to FDN, as the ETF offers substantial exposure to Amazon, and has gained close to 13 percent over the past six months as a result, the Benzinga article said.

For more of the story, visit Benzinga.com.

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