ETF Overview
The First Trust Dow Jones Internet Index ETF (FDN) owns a portfolio of mostly large-cap and giant-cap Internet stocks in the U.S. The fund tracks the Dow Jones Internet Composite Index. Stocks in FDN’s portfolio should benefit from growing e-commerce sales, and increasing time spent online. This industry is expected to grow rapidly by an annual growth rate of 16.5% through 2023. The pandemic has accelerated this trend. Although its shares may not be cheap, we think long-term investors will continue to be rewarded given FDN’s strong growth profile.
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