The BIGGEST GROWTH OPPORTUNITY In The HISTORY Of Capitalism 
-McKinsey & Co.
Billions of people are poised to enter the consuming class and gain access to smartphones, catalyzing a digital consumer revolution like we’ve never seen before.
Understanding FMQQ
The Next Frontier Internet + Ecommerce ETF, FMQQ, is designed to provide investors with exposure to the Internet and Ecommerce sectors of the developing world except for China. Many investors believe that the growth of consumption in frontier and emerging markets represents a significant growth opportunity as more than one billion people are expected to enter the consumer class in the coming decades1 . Increasingly, these consumers are using cheap smartphones and affordable broadband mobile connections to access the Internet, opening a world of discovery and wonder.
FMQQ holds over 60 companies operating in Frontier and Emerging markets, including India, Brazil, Indonesia, Russia, South Korea, South Africa, Mexico, Argentina, Malaysia, Thailand, Vietnam, Philippines, Turkey, Czech Republic, Poland, Columbia, Singapore, Cyprus, and the United Arab Emirates.
Top 10 Holdings
As of 09/19/24
MERCADOLIBRE ORD
— 9.25%
RELIANCE INDUSTRIES LTD ORD
— 7.76%
ALIBABA GROUP HOLDING LTD
— 6.71%
MEITUAN
— 6.46%
TENCENT HOLDINGS LTD
— 6.40%
NU HOLDINGS LTD
— 5.94%
SEA LTD
— 5.72%
PINDUODUO INC
— 3.96%
COUPANG INC
— 3.72%
BAJAJ FINANCE LTD
— 3.31%
Holdings are subject to change
Country Weightings
As of 09/19/24
Average Ecommerce Penetration in FMQQ countries is only 5%
Growing Rapidly, Infrastructure
Developing around Internet Technology
Compared to 20%
in the USA
Increasing at a slower rate, Technology
Developing to work with Existing Infrastructure
Recent News
EMQQ Announces Strong One-Year Performance and the Results of its Semi-Annual Rebalancing
With this latest rebalance, the Index has gone from 77 to 83 companies, adding nine new…
Emerging Market Stocks Are a Mess—Except for This Group of Outperformers
The Covid-19 crisis could mark the end of emerging markets, at least in the way that…
Looking for the Next Amazon or Alibaba? Try the Budding Tech Companies in Latin America
Imagine you could turn back time and buy Amazon.com shares seven years ago or Alibaba five…
Emerging Market ETFs’ Year-End Push
Emerging market ETFs started 2019 strong, but struggled to keep pace as the U.S.-China trade war…
Betting on Baidu
Baidu’s stock has declined over the past year as concerns about competition and a weaker Chinese…
A Trade War with China Is Imminent Because Beijing Wants to Save Face
And all because Beijing won’t fess up to its shoddy trade practices – shady maneuvers that…
MercadoLibre Tumbles 10%: Will Amazon Disrupt Latin America?
Mercado shareholders are in a dither about the Bloomberg-reported rumors because Brazil is the company’s lifeblood:…
FMQQ Investment Strategy
FMQQ is designed to provide investors with exposure to the Internet and Ecommerce sectors of the developing world. Many investors believe that the growth of consumption in Emerging Markets represents a significant growth opportunity as more than one billion people are expected to enter the consumer class in the coming decades1. Increasingly, these consumers are using smartphones and broadband mobile connections to access the Internet. FMQQ holds over 60 companies operating in Emerging and Frontier Markets beyond China, including India, Brazil, Russia, South Korea, Taiwan, South Africa, Mexico, Argentina, Malaysia, Thailand, Indonesia, Vietnam, Philippines, Turkey, Czech Republic, Poland, Singapore, Netherlands, Cyprus, Kazakhstan, and the United Arab Emirates.
