ETF Trends
ETF Trends

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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