The past decade has seen the rise of disruptors and the fall of the old guard in several sectors. Amazon.com (NASDAQ:AMZN) is an e-commerce giant whose success has caused an existential crisis for traditional retailers.
Netflix (NASDAQ: NFLX) has revolutionized the way consumers think about home entertainment and is driving people away from the cinema and from legacy television.
The Evolve Innovation Index Fund (TSX:EDGE) aims to provide investors with access to global companies that are involved in innovative or disruptive trends across a broad range of industries.
The ETF has climbed 23.6% in 2019 as of close on April 8. This is a solid target for millennials who are looking to bet on disruptive trends over the next decade or more.
The ETF is heavily weighted in U.S. holdings, which boast 37.4% of its total weight. China is the next highest weighting at 8.16%, followed by Japan and Russia.
The two top holdings in the fund are Evolve’s other top ETFs; the Evolve Cyber Security Index ETF and the Evolve Automobile Innovation Index ETF. Some of its top stock holdings include Snap (NYSE:SNAP), Advanced Micro Devices (NASDAQ: AMD), and Keyence.
The cyber security and automated vehicle industries are well-positioned to post huge growth over the next few decades. Almost 35% of the fund’s weighting are in these two sectors. The ETF is pricey in early April, but investors on the hunt for a long-term buy should look for entry points going forward.
