Trend: Smartphones and related technology continue a global rise in popularity, outselling computers and creating a new industry led by Apple.
Link: ETF FONE Home: First Trust Introduces Smart Phone ETF by Ron Rowland
First Trust introduced a new ETF on February 17, 2011, targeting the rapidly growing global smart phone industry. The First Trust NASDAQ CEA Smart phone Index Fund (FONE) includes stocks of companies primarily involved in design, fabrication and distribution of handsets, along with hardware, software and mobile networks associated with the development, sale, and usage of the devices.
The NASDAQ OMX CEA Smart phone Index is a modified equal dollar weighted index with 45% allocated to handsets, 45% allocated to software applications and hardware components, and 10% allocated to network providers.
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