FIVG, the stock symbol for the Defiance 5G Next Gen Connectivity ETFs is making a splash in a market that saw a number of upstart thematic funds. A thematic fund is a type of mutual fund that has investments spread out over sectors centered on a common theme. According to Benzinga.com, FIVG’s focus on the 5G industry has been one of the year’s most successful ventures.
In the nine months since its inception, the fund has crested over $135 million in assets, a coup for issuer Defiance ETFs. “The First 5G ETF has had significant organic growth and is one of the lowest cost thematic ETFs at only 0.30 percent,” stated company CEO Matthew Bielski. “We have seen continued investor interest given the recent acceleration of the 5G buildout which we believe has the potential to accelerate in 2020.”
Considering the fact that the 5G roll-out in the United States is still surging, the interest in the FIVG fund continues to grow. As 5G rolls out worldwide, even more opportunities become available.
Defiance hopes to capitalize on the increasing need for 5G services, stating, “Widespread 5G connectivity won’t just cut download times and enhance online leisure such as eSports. It has the potential to make information universally accessible, foster a digital sharing economy, transform diverse industries and enhance people’s quality of life. From smart cars to VR/AR functions; from manufacturing to the automotive industry to medicine and healthcare, the impact of 5G could be felt across many spheres.”
December 23, 2019
Reader Interactions