First Trust IndXX NextG ETG (FONE)
First Trust IndXX NextG ETG operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $45.91, down 0.93% on the session, giving a market capitalisation of $15.2M. Its beta of 0.99 implies it has historically moved less than the broad market.
The fund's objective is to replicate the overall performance (both capital appreciation and income) of the Indxx 5G & NextG Thematic Index before considering the fund's own fees and expenses. To achieve this, it typically commits at least 90% of its total assets (including any borrowed capital) to the equities and depositary receipts that constitute the index. This benchmark specifically identifies and tracks companies that are either significantly investing in, or have pledged substantial resources toward, the innovation, development, and deployment of 5G and subsequent advanced digital cellular communication technologies as they emerge.
First Trust IndXX NextG ETG is most often compared with the following Financial Services names: