Along with large internet tech names like Facebook (NasdaqGS: FB) and Alphabet (NasdaqGS: GOOG), PNQI has a 35.0% tilt toward the internet & catalog retail sub-sector, including 8.1% AMZN, 8.7% Priceline Group (NasdaqGS: PCLN), 4.2% eBay (NasdaqGS: EBAY) and 3.6% Netflix (NasdaqGS: NFLX), among others.
FDN also allocates 20.0% to consumer discretionary, including a 10.0% position in AMZN, 4.4% to NFLX and 3.8% EBAY.
The sector-specific Amplify Online Retail ETF (NasdaqGM: IBUY) targets the performance of the EQM Online Retail Index, which is comprised of global companies that generate at least 70% of revenue from online or virtual sales.
Related: IBUY: A Dedicated E-Commerce ETF
Moreover, Standard Chartered research found that consumers are also dining out more. Diners and restaurants saw U.S. sales surge to $55 billion from $20 billion over the past decade. This shift in spending on experiences may also help support the focused Restaurant ETF (NasdaqGM: BITE), a dedicated restaurant-related ETF.
Related: Take a BITE out of a Restaurant ETF
For more information on consumer spending, visit our consumer discretionary category.