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IBUY’s index equally weights its holdings so neither the fund nor the benchmark are dominated by a stock like Amazon.com Inc. (NASDAQ: AMZN). In fact, Amazon, the largest e-commerce company, currently is not a top 10 holding in IBUY.
“The fund has returned 44.78% in the past year, and a cumulative return of 104.77% since inception as of 6/30/2018,” according to a statement from Amplify.
For more information on the consumer sector, visit our consumer discretionary category.