These ETFs rely on high-risk strategies

Article Excerpt

We take a look at two brand-new ETFs launched by high profile personalities. One is investing in e-commerce stocks after they may have already peaked; the other aims to use artificial intelligence to predict the future. It’s unclear whether either approach will succeed in the long term. O’SHARES GLOBAL INTERNET GIANTS ETF $25 (New York symbol OGIG; Market cap: $52.0 million) is a new fund: it was launched on June 5, 2018, by the firm O’Shares Investments, owned by Shark Tank and television personality Kevin O’Leary. This is the sixth ETF launched by the entrepreneur. The other five focus on dividend stocks from specific geographic regions, including Asia Pacific and Europe. O’Leary’s newest offering invests in companies that provide the technologies to support Internet commerce or that sell products and services online. The ETF tracks the O’Shares Global Internet Giants Index and is rebalanced quarterly. The index uses a number of criteria to find stocks from the Internet commerce universe with strong revenue growth, sound…

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