Technology Sector Ideas

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>>> Global X Internet of Things ETF (SNSR)

Expense Ratio: 0.68%


https://investorplace.com/2019/02/5-of-the-best-thematic-etfs-to-consider/


The Internet of Things (IoT) is at the epicenter of scores of everyday functions. Those include development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet, according to Global X.

The Global X Internet of Things ETF (NASDAQ:SNSR) is the first ETF to provide dedicated IoT access. This thematic ETF tracks the Indxx Global Internet of Things Thematic Index and holds 50 stocks, most of which are technology names, but there is some healthcare exposure as well.

Bolstering the case for SNSR is IoT’s myriad consumer and industrial applications. The latter includes cloud computing, robotics and more.

“In addition to the development of smart transportation systems to support autonomous vehicles, the IoT is expected to improve energy grid efficiency, utilities services, commercial and residential property management, and the overall growth of smart cities,” according to Global X research. “The global smart grid market is forecasted to reach $61.3 billion by 2023, up from $23.8 billion in 2018, with a compound annual growth rate (CAGR) of 20.9%.”

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