Defiance launched a new fund this month, the Defiance Next Gen Big Data ETF (NYSE American:BIGY). It gives investors exposure to analytics and data science companies. The fund looks to take advantage of a shift in focus towards digitization and more businesses doing their operations online rather than in the office.
In addition to just data analysis, the fund is full of cloud computing stocks, including companies that are utilizing machine learning and artificial intelligence.
The fund aims to have 49 holdings in the fund (although there aren't that many in there right now). The largest stock is Twilio (NYSE:TWLO), which provides users with a cloud communications platform and it accounts for 4.1% of the ETF's net assets.
Some of the more notable stocks in the fund include Fastly (NYSE:FSLY), Palantir Technologies (NYSE:PLTR), and Snowflake (NYSE:SNOW). For investors who are looking to invest in cloud-based businesses and analytics, Next Gen Big Data ETF could be a great option.
The fund charges a modest expense ratio of 0.45%. And while there are some big stocks in the ETF, it doesn’t include any of the top tech giants, at least for now.
The fund's makeup suggests that it can give you a great way to invest in some smaller tech companies that possess significant long-term potential, which can set the ETF up to outperform some of the bigger names out there in tech that may have more limited upside.
Defiance has other ETFs that include long-term trends as well. Examples include 5G, clean energy, and next-gen medicine -- including psychedelics.
