TigerShares, the investment advisory firm that provides wealth management services to high net-worth individuals, has launched its first exchange-traded fund, the TigerShares China-US Internet Titans ETF (Nasdaq code: TTTN).
TTTN will track the Nasdaq China US Internet Tiger Index, which was created to represent the performance of internet-related companies in China and the US.
The index employs a “modified market capitalisation-weighting methodology” and is rebalanced quarterly.
Some of the stocks in the index include US-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 at 31 October 2018.
Internet titans
Yang Xu, chief executive of TigerShares, said: “Today, China and the US are homes to a handful of so-called ‘internet titans’… The most successful internet titans enjoy first-mover advantages, scale economies and brand dominance across multiple, high-growth categories worldwide.
“Investors can now invest in these market-leading firms through TTTN, in a low-cost, concentrated ETF format.”
TigerShares is the asset management arm of Beijing-based Tiger Brokers, an online brokerage and fintech firm.
