“The global IoT market is expected to be worth almost $2.5 trillion by the end of 2022, growing at a compound annual growth rate (CAGR) of approximately 19.75% from 2016 to 2022,” according to First Trust.
Eleven countries are represented in FDNI. Twelve of the new ETFs holdings are Chinese companies while the U.K. and South Korea combine for 11 holdings.
For more on new ETFs, please visit our new ETFs channel.