Please add this amazing ETF in Trading 212!
The Global X Internet of Things ETF (NASDAQ:SNSR) provides exposure to businesses that focus on technologies, like IoT and 5G. IoT is still a nascent field that refers to the development and use of connected devices. The fund started trading in 2016.
SNSR, which has 47 holdings, follows the Index Global Internet of Things Thematic Index. The top 10 holdings constitute more than 50% of SNSR’s net assets. Almost half the companies in the fund come from the U.S. The rest are from Switzerland, Taiwan, Austria, the UK and France, among others.
IoT and 5G overlap significantly as they both enhance connectivity. Therefore, the fund could act as a proxy into the 5G space.