The e-commerce segment is a quickly growing consumer sector. In 2017, 2.73 billion online shoppers accounted for sales of over $2.3 trillion. Looking ahead, the user base is expected to grow to 3.1 billion people globally by 2021. Meanwhile, online retail revenues are expected to surge to $4.88 trillion by 2021.

EBIZ’s top holdings include Rakuten 5.0%, Etsy 4.9%, Netease 4.6%, Alibaba Group 4.5% and Shopify 4.4%.

Sub-sector weights include internet retail 71.0%, interactive media and services 10.7%, internet services and infrastructure 4.5%, internet home entertainment 4.3%, home improvement retail 4.2%, research & consulting services 3.9%, application software 1.1% and advertising 0.2%.

Country weights include U.S. 48.7%, China 24.2%, Japan 8.7%, U.K. 8.0%, Canada 4.2%, Argentina 4.0%, Germany 1.7%, South Korea 0.3% and Taiwan 0.3%.

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