Internet of Things (IoT) is not just another catchy technology concept. It is a tangible, accessible investment theme. Some of that access is provided by the Global X Internet of Things Thematic ETF (NasdaqGM: SNSR), the first exchange traded fund dedicated to IoT investing.
SNSR is considered a thematic ETF. Thematic strategies tend to be alpha-seeking, have a long time horizon and are growth oriented. The thematic investments also transcend classic sector, industry and geographic classifications as many overlap.
SNSR, which is two years old, targets the Indxx Global Internet of Things Thematic Index. IoT “includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet,” according to Global X.
“According to one estimate, IoT will be worth more than $6 trillion by 2025,” reports Bloomberg. “The ETF is full of many things, primarily semiconductor companies, 30% allocation. But also smart grids, smart homes, connected cars and the industrial Internet.
IoT Supportive Data
Other data points confirm the coming IoT boom.