FDN tries to reflect the performance of the Dow Jones Internet Composite, which includes a number of online search engines, social networking, e-commerce, internet infrastructure and telecom services companies. It includes 10.2% FB, 10.2% AMZN, 5.3% GOOGL, 5.2% GOOG and 5.2% NFLX.
PNQI follows the NASDAQ Internet Index, which like the name implies includes a number internet-related businesses as well. The ETF includes 8.6% GOOG, 8.4% FB, 8.3% AMZN and 4.2% NFLX.
Price also pointed to potential opportunities in new developments in cloud technology and video advertising on the internet. “Those trends aren’t going away,” Price said.
Investors can also dip into the cloud computing space with the First Trust ISE Cloud Computing Index Fund (NasdaqGM: SKYY). SKYY tracks the ISE Cloud Computing Index, which track the performance of companies actively involved in the cloud computing industry. To be included in the index, a security must be engaged in a business activity supporting or utilizing the cloud computing space, listed on an index-eligible global stock exchange and have a market capitalization of at least $100 million.
Max Chen contributed to this article.