A Targeted Tech ETF Centered Around Wearable Devices

The underlying index also follows a modified equal weighting methodology where constituents are equal-weighted but core holdings are subject to a multiplier of 1.5 times the equal weight.

Components include notable firms like Abbott Laboratories (NYSE: ABT), Alphabet Inc (NasdaqGS: GOOGL), Analog Devices (NasdaqGS: ADI), Apple (NasdaqGS: AAPL) and Biotelemetry (NasdaqGS: BEAT).

According to EQM Indexes, sub-sectors include display, healthcare/medical, industrial/military, infotainment/lifestyle, semiconductors, sensors and sports/fitness.

The underlying index also includes a hefty U.S. weight, along with other markets including Denmark, Finland, Germany, Ireland, Japan, Netherlands, Singapore, South Korea, Switzerland and Taiwan.

For more information on new fund products, visit our new ETFs category.