The underlying index also includes a hefty U.S. weight, along with other markets including Denmark, Finland, Germany, Ireland, Japan, Netherlands, Singapore, South Korea, Switzerland and Taiwan.
WEAR has revealed a quarterly return of 9.4% on March 31, 2017 and rose 10.33% since its inception on December 9, 2016.
The wearables industry is expected to grow to $19 billion by 2018 as products like Fitbit fitness trackers, Android Wear watches and the Apple Watch helped fuel a rise in mainstream awareness of wearable technologies, according to Juniper Research.
“With attractive growth rates after a new product launch because of the relative lower price points, decreasing costs, and improving technology; we believe wearables is an investment that has never looked better, “ Bryce Tillery, Managing Partner at Eve Capital, said in a note.
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