Internet Giants ETF Captures AI Monetization Wave

Core Insights - The ALPS O'Shares Global Internet Giants ETF (OGIG) is experiencing a shift in artificial intelligence investment focus from hardware to revenue generation through advertising and data licensing [1] Performance Summary - OGIG has returned 29.1% over the past three years, outperforming the category average of 24.2% [2] - The fund has gained 15.6% year-to-date and 14.3% over the past year [6] Company Highlights - AppLovin Corp. (APP), which constitutes 2.4% of OGIG, saw a significant surge of 105.25% in Q3 after expanding its AI advertising engine, Axon, into e-commerce and other sectors [3][4] - Reddit Inc. (RDDT), holding 1.7% of the fund, climbed 52.75% in Q3 due to revenue growth from advertising and data licensing deals [5] Sector Contributions - Communication services provided the best sector performance for OGIG in Q3, contributing 3.8% to returns [7] - Information technology added 2.2% and consumer discretionary contributed 1.2% to the fund's performance [7] Fund Composition - The fund holds $141.8 million in assets under management with an expense ratio of 0.48% [6] - Meta Platforms Inc. (META) is the largest holding at 6.2%, followed by Microsoft Corp. (MSFT) at 6.1% and Alphabet Inc. (GOOGL) at nearly 6% [6]