Global X, an exchange traded fund provider known for its alternative or niche product styles, launched the first ETFs linked to two new benchmark indices tracking Nasdaq stocks.

Global X NASDAQ 500 ETF (NYSEArca: QQQV) tries to reflect the performance of the NASDAQ 500 Index, which tracks 500 of the largest domestic and international companies listed on the Nasdaq Stock Market, based on market-cap. QQQV has an expense ratio of 0.48%.

QQQV’s sector allocations include: Technology 60.46%, Consumer Discretionary 16.66%, Health Care 13.22%, Industrials 4.22%, Consumer Staples 2.35%, Telecommunications 1.35%, Materials 1.04% and Energy 0.67%.

Top holdings include: Apple (NasdaqGS: AAPL) 11.17%, Microsoft (NasdaqGS: MSFT) 6.65%, Oracle (NasdaqGS: ORCL) 4.83%, Google (NasdaqGS: GOOG) 4.72% and Intel (NasdaqGS: INTC) 3.91%.

Global X NASDAQ 400 Mid-Cap ETF (NYSEArca: QQQM) tries to reflect the performance of the NASDAQ 400 Index, which tracks the top 400 domestic and international mid-cap companies on the Nasdaq Stock Market – the companies make up the next 400 securities by market-cap after the NASDAQ 100 Index. QQQM has an expense ratio of 0.48%.

QQQM’s sector allocations include: Technology 37.31%, Health Care 21.73%, Consumer Discretionary 18.09%, Industrials 10.46%, Materials 3.69%, Energy 3.04%, Telecommunications 2.97% and Consumer Staples 2.68%.

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