The two internet ETFs track some of the largest names online, including Amazon (NasdaqGS: AMZN), Google (NasdaqGS: GOOG), Priceline (NasdaqGS: PCLN), Baidu (NasdaqGS: BIDU), Yahoo! (NasdaqGS: YHOO), Ebay (NasdaqGS: EBAY) and Netflix (NasdaqGS: NFLX).
“Most companies engaged in Internet commerce or Internet services have continued to grow nicely and benefit from powerful trends toward increased online ad spending, increased time spent online, and aggregation of consumer data,” according to Morningstar analyst Robert Goldsborough.
PNQI takes a slightly larger tilt toward consumer discretionary, online eCommerce providers. FDN, on the other hand, has a slightly lower allocation toward mega-capitalization companies.
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Max Chen contributed to this article. Tom Lydon’s clients own shares of Facebook.