Furthermore, over the past 30 and 90 days, FDN has outperformed Amazon and Priceline. Over the past three months, FDN has outpaced Google, its largest holding, reports ETF Professor for Benzinga. [Netflix Sell-Off Weighs on Internet ETFs]
PNQI has managed to outperform FDN, gaining 8.2% last month. Amazon has helped PNQI gain about 13% over the past six months as it makes up about 8% of the portfolio. Google and Priceline are also featured in the top holdings, but the inclusion of Baidu (NasdaqGS: BIDU), a Chinese search company, has bolstered the ETF’s performance.
PowerShares NASDAQ Internet Portfolio
Tisha Guerrero contributed to this article.