TTTN tracks the Nasdaq China US Internet Tiger Index, which was created to represent the performance of internet-related leading companies in China and the U.S. TTTN is offered as a commission-free ETF on Tiger Brokers’ global platform and has an expense ratio of 0.59%.
“Today, China and the U.S. are homes to a handful of so-called “internet titans,” which are the leading companies involved in a variety of rapidly growing internet-based industries that increasingly impact people’s daily lives across the globe, including e-commerce, cloud, search, social media, artificial intelligence, travel services, streaming media, online gaming, and more,” Yang Xu, CEO of TigerShares said in a statement. “The most successful internet titans enjoy first-mover advantages, scale economies, and brand dominance across multiple, high-growth categories worldwide.”
The Nasdaq China US Internet Tiger Index measures the performance of 20 stocks engaged in internet-related businesses, including the 10 largest publicly-traded Chinese Internet companies and the 10 largest publicly-traded U.S. Internet companies. The index employs a modified market capitalization-weighting methodology, and is rebalanced quarterly.
Some of the globally-recognized stocks in the index include U.S.-based Amazon (7.51%), Alphabet (8.36%), and Facebook (8.17%), and China-based Alibaba (7.69%), Tencent (7.43%), and Baidu (3.97%), as of 10.31.2018.
Amplify ETFs Launches the Amplify BlackSwan Growth & Treasury Core ETF
Amplify ETFs launched a new index-based ETF that seeks uncapped exposure to the S&P 500, while buffering against the possibility of significant losses.
Approximately 90% of the Amplify BlackSwan Growth & Treasury Core ETF (SWAN) will be invested in U.S. Treasury securities, while approximately 10% will be invested in S&P 500 LEAP Options in the form of in-the-money calls.
SWAN seeks investment results that generally correspond to the S-Network BlackSwan Core Total Return Index.
SWAN will invest primarily in historically low-volatility U.S. Treasuries ranging from two- to 30-year durations, which cumulatively match the initial duration of the 10-year note. The remaining assets will be utilized to purchase “in-the-money” calls, with a strike price below the current price on the S&P 500.
SWAN capitalizes on the frequently negative correlation between Treasury bonds and U.S. stocks during periods of market volatility, creating a portfolio that offers exposure to equity returns with a downside buffer in one ETF. It has an expense ratio of 0.49%.
Trium UCITS To Launch Long/Short Credit Strategy In Partnership With Ellington