The ALPS O'Shares Global Internet Giants ETF (OGIG) gained 10.7% in August, according to ETF Database. A wave of enterprise cloud and artificial intelligence earnings reports lifted the fund's biggest technology holdings.
Cloud stocks fueled July gains for the O'Shares Global Internet Giants Index, the benchmark behind the ALPS O'Shares Global Internet Giants ETF (OGIG). The index climbed 5.1% for the month, according to attribution data from VettaFi.
The ALPS O'Shares Global Internet Giants ETF (OGIG) jumped 8.4% last week, making it the top-performing ALPS fund as a handful of technology and e-commerce stocks delivered double-digit gains, according to ETF Database. Key Takeaways: OGIG surged 8.4% last week as Oracle and DoorDash rallied on AI infrastructure and autonomous delivery technology developments.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 4,425 | $236,036.15 | $221,294.25 | -$14,741.9 | -6.25% |
Bobby Adusumilli SJS Investment Consulting Inc. | 5 | $121.5 | $250.05 | $128.55 | 105.8% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 100 | $3,833 | $5,001 | $1,168 | 30.47% |
Brian Clay Clay Northam Wealth Management LLC | 9,869 | $318,337.22 | $507,915.98 | $189,578.76 | 59.55% |
Leanne Menzel Smallwood Wealth Investment Management LLC | 46 | $2,005.14 | $2,150.82 | $145.68 | 7.27% |
| BATS Exchange | US Country |
The company operates an investment fund that primarily focuses on allocating its assets into stocks within the internet sector that demonstrate both quality and growth characteristics. This is achieved by following a rules-based approach to track an underlying index specially designed for this purpose. The company commits to investing at least 80% of its total assets in the constituents of this index. Notably, the fund is characterized by its non-diversified status, which means it may invest a larger portion of its assets in fewer securities, potentially increasing its risk and return profile.
This product is designed for investors seeking exposure to the internet sector through a focused investment approach. By committing at least 80% of its total assets in the components of the underlying index, the fund aims to track companies displaying significant quality and growth metrics within the internet sector. The selection of these companies is guided by a rules-based index, providing a methodological approach to investment in this dynamic sector.
This service involves the strategic tracking of a rules-based index defined by the index provider to identify stocks within the internet sector that exhibit both quality and growth characteristics. The underlying index serves as a benchmark for the fund’s investment strategy, guiding the selection of securities to achieve the investment objectives. This approach allows for a disciplined investment process, focusing on long-term growth opportunities in the internet space.