Smartphone ETF To Make Debut On Friday

Loading...
Loading...
The long-awaited First Trust NASDAQ CEA Smartphone Index Fund will make its debut tomorrow on the Nasdaq under the ticker "FONE," ETF issuer First Trust said in a statement. First Trust filed plans for the ETF on Aug. 3, 2010. FONE will track the NASDAQ OMX CEA Smartphone Index, which had over 80 stocks in it as of the end of July and it's probably safe to assume companies like Apple
AAPL
, Google
GOOG
and Research In Motion
RIMM
will be major components in FONE. Illinois-based First Trust also said its family of 44 ETFs has eclipsed $6 billion in assets under management. Well-known First Trust funds included the First Trust Dow Jones Internet Index Fund
FDN
and the First Trust ISE-Revere Natural Gas Index Fund
FCG
.
Posted In: NewsSector ETFsSpecialty ETFsIntraday UpdateTechETFsCommunications EquipmentComputer HardwareInformation TechnologyInternet Software & Services
We simplify the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...