Emerging markets (EM) can provide opportunities for growth and bargain hunters. Add the internet to the mix, and it presents an even greater opportunity.
Why the Real E-Commerce Potential Is Overseas etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
The EWEB ETF: E-Commerce Today Will Move Abroad Tomorrow February 24, 2021
Online retail is an increasingly relevant investment thesis, but investors shouldn’t confine their search to domestic fare. The
EWEB, which debuted last November, holds 49 stocks and tracks the Nasdaq CTA Emerging Markets Internet & E-commerce Net Total Return Index.
As many U.S. investors well know, a big part of the case for investing in online retail is favorable demographics, a promise emerging markets still hold.
“EMs represent great potential for internet & e-commerce companies as they sit at the intersection of a few key growth trends: rising smartphone penetration rates, improving internet infrastructure and large youthful populations,” said Brian Comiskey, Manager of Industry Intelligence at the Consumer Technology Association (CTA), in an interview with Global X analyst Chelsea Rodstrom. “In fact, nine in 10 members of Gen Z live in EMs per the latest research from Bank of America. I
China’s biggest technology companies were initially pummeled at the start of the week as Chinese regulators tightened their grip on the internet industry to rein in monopolistic practices, South China Morning Post reports.
“The bad news [on antitrust against tech giants]has been digested by investors,” Kingston Lin, managing director of asset management department at Canfield Securities in Hong Kong, told the South China Morning Post.
“The tech index rebound is short-term as investors are still concerned about the outlook, the lack of news and even bad news will weaken its momentum to further rise,” he added.
Alibaba Under Scrutiny