Similarly, as one might expect, equity ETFs that have an “Internet” tilt now have notable weightings to FB as well, namely PNQI (PowerShares Nasdaq Internet Portfolio, Expense Ratio 0.60%), with a >10% weighting to FB, and FDN (First Trust DJ Internet, Expense Ratio 0.60%) with a >7% weighting. Other ETF names that may not jump out at the investor as household names, but are benefitting from FB’s performance are WMW (ELEMENTS Morningstar Wide Moat Focus Index ETN, Expense Ratio 0.75%), MTUM (iShares MSCI USA Momentum Fund, Expense Ratio 0.15%), and SKYY (First Trust ISE Cloud Computing Index, Expense Ratio 0.60%) to name a few.
Renaissance IPO ETF
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