FMQQ The Next Frontier Internet ETF
FMQQ
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1230 Avenue of the Americas, 7th Floor New York NY United States of America 10020
- IPO Date
- Sep 28, 2021
- CIK
- 0001452937
- Website
- emqqglobaletfs.com
- Similar Companies
- Business
- FMQQ The Next Frontier Internet ETF (NYSE Arca: FMQQ) is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance, before fees and expenses, of the FMQQ The Next Frontier Internet Index, a modified market capitalization-weighted index focused on internet and ecommerce companies operating in emerging and frontier markets excluding China; the index includes publicly traded companies deriving more than 50% of revenue from internet or ecommerce sectors such as online retail, payments, online gaming, online travel services, social media, internet services, and advertising, with largest positions capped at 8% for diversification and holdings typically numbering around 40-42 securities. Key holdings as of recent reports include Nu Holdings Ltd., Reliance Industries Ltd., Sea Ltd., MercadoLibre Inc., Bajaj Finance Ltd., Grab Holdings Ltd., and Kaspi.kz JSC, spanning countries such as India, Brazil, South Korea, Indonesia, Vietnam, Mexico, Argentina, South Africa, Turkey, Poland, and Colombia. The fund targets growth-oriented investors seeking exposure to the digital consumer revolution and smartphone-enabled economies in these high-growth regions, with an expense ratio of 0.86%, assets under management of approximately $31-32 million, and annual distributions. Exchange Traded Concepts Trust serves as the issuer and investment advisor, with Penserra Capital Management LLC acting as sub-advisor and SEI Investments Distribution Co. as distributor; the fund is part of the EMQQ Global family of ETFs, managed from a San Francisco base by EMQQ Global, a firm founded in 2014 by Kevin T. Carter specializing in emerging and frontier markets technology. FMQQ was launched on September 27, 2021, and trades on the NYSE Arca exchange. It operates within the diversified emerging markets equities category, emphasizing theme-based equity in internet and ecommerce outside China to capture megatrends like e-commerce expansion and higher economic growth rates in these regions averaging 4.1% versus 1.5% in developed markets. In recent developments, the fund has maintained stable operations with no major acquisitions, funding rounds, or structural reorganizations reported in the last 1-2 years, though portfolio portfolio adjustments reflect market dynamics such as updated holdings weights and an ex-dividend date of December 30, 2024, supporting its annual payout frequency with a trailing twelve-month yield of 0.39%. Ongoing index administration by Solactive AG ensures rules-based eligibility, liquidity, and semi-annual rebalancing, while EMQQ Global continues to emphasize research-driven insights into sector growth amid global yield fluctuations impacting tech ETFs. The fund's AUM and performance metrics, including a 52-week range of $11.47-$15.17 as of mid-2025, underscore its focus on volatile but high-potential frontier internet exposure without significant strategic shifts.