As technology advances and industries look to the 5G networking for the next big thing in global connectivity, investors can also target the quickly growing industry through a targeted exchange traded fund strategy.
“The 5G ETF tries to capture, in our eyes, the big breakthrough in 2019,” Paul Dellaquila, Global Head of ETFs at Defiance ETFs.
5G technology will use a higher frequency band versus the current 4G technology standard, resulting in faster transmission of data. Being able to transmit copious amounts of data at a faster rate is certainly of benefit for wireless companies and their users, but 5G could be a major disruptor in various industries.
For example, Dellaquila explained that 5G could help hospitals and provide healthcare to more impoverished areas of the world where they do not have the necessary infrastructure to receive expert advice and services.