The company Navi Mutual Fund has filed with the Securities and Exchange of India (Semi) to launch the Navi Internet of Things ETF Fund of Fund. The goal of the fund is to invest in ETFs overseas that give exposure to companies adopting the new Internet of Things (IoT) technology. IoT includes many things such as WiFi, 5G, fiber optics and other products looking to expand our industrial internet.
Navi Files To Launch Internet of Things ETF Fund of Fund
ETF Newz Says:
The fund will use the Indxx Global Internet of Things Thematic Index as its benchmark which follows companies that are presumed to benefit from IoT technology.