2nd Sep 2020
The Defiance 5G Next Gen Connectivity ETF FIVG, is taking off just as the 5G revolution is doing the same.
What Happened: FIVG debuted in March 2019 as the first exchange-traded fund dedicated to the 5G rollout. At that time, some critics may have argued this was cutting the ETF universe a little too fine, but those criticisms are being vanquished.
Not only did FIVG inspire some copy cat funds, it’s proving successful in its own right, having recently topped $500 million in assets under management.
Why It’s Important: The move to $500 million is impressive when considering FIVG was residing around $140 million in assets under management late last year, which was enough to make the fund one of the most successful thematic ETFs to come to market in 2019.