5G ETF Is Coming Of Age At Just The Right Time

5G ETF Is Coming Of Age At Just The Right Time

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.

Read more at MarketWatch