"With the XRT, this tends to be a high correlation to growth," he said. "As an [emerging markets] guy historically, I would short the XRT against it because it's very highly correlated with emerging markets.". In fact, his fund downplays the online giant's influence over the group, choosing to weight its holdings equally rather than by market capitalization.
"We've seen even this year that Amazon isn't even a top 10 performer in the online retail space," Magoon said. "It hasn't outperformed companies likeor Etsy or Wayfair. Amazon isn't always the No. 1 performer. Why? Because it has a really diversified business, whether it's AWS Cloud or some of the spending they're doing to build out infrastructure for deliveries.
So, instead of simply allowing Amazon to steer the ship, Magoon lets the rest of the digital commerce space take the lead, partly in hopes that investors will find out about stocks they didn't previously know. That kind of strategy "allows you to have exposure to Amazon, but not to be overly weighted, and discover companies like Carvana, which is a top holding in IBUY that many investors aren't that familiar with that's gained over 90% over the last year," he said.
대한민국 최근 뉴스, 대한민국 헤드 라인
Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.
Watch now: ETF Edge on Apple earnings, the retail ETF beating the market and Cathie Wood on what the Street is getting wrong on Tesla
더 많은 것을 읽으십시오 »
Three ETFs to trade Apple into earningsAhead of $AAPL earnings, CNBC's TheDomino breaks down how to play the tech giant using ETFs with Tim Seymour of Seymour Asset Management and Christian Magoon, Amplify ETFs CEO. Sponsored by InvescoUS TheDomino InvescoUS You can slap Joe K for me Dom TheDomino InvescoUS CNBC is The Enemy Of The People. TheDomino InvescoUS What ETFs avoid garbage stocks like Overstock and Tesla?
더 많은 것을 읽으십시오 »