- PNQI provides exposure to a basket of companies engaged in Internet-related businesses. This ETF performed well over time, compounding at a double-digit rate over the last decade.
- However, I believe we are at a pivotal point for Internet stocks. High inflation in western economies should push interest rates upward, which negatively impacts high-multiple stocks.
- I believe it is prudent to wait for more clarity on monetary policy decisions and to see how the market reacts over the next 12 months before purchasing this ETF.
For further details see:
PNQI: Elevated Inflation Is A Threat For High-Multiple Tech Stocks