The ALPS O'Shares Global Internet Giants ETF (OGIG) is capturing a shift in artificial intelligence investing from hardware spending to revenue generation as companies monetize AI through advertising platforms and data licensing, according to the fund's quarterly insights report. The fund has gained 15.6% year-to-date and returned 14.3% over the past year, according to ETF Database. OGIG held $141.8 million in assets under management with an expense ratio of 0.48%. Meta Platforms Inc. (META) represents the ...

Core Insights - Index-based ETFs are more dynamic than perceived, as they adjust their asset allocations during regular rebalancing events throughout the year [1][2] Group 1: Rebalancing Importance - Regular reconstitutions and rebalances are essential for index-based ETFs to maintain their intended investment strategy and avoid holding underperforming stocks [2] - Without rebalancing, a few large companies could dominate the fund, undermining diversification [2][7] Group 2: Specific ETFs Affected - The ALPS Sector Dividend Dogs ETF (SDOG) will be impacted by the upcoming rebalancing of the S-Network Sector Dividend Dogs Index, which focuses on high dividend exposure across all market sectors [3][4] - The ALPS O'Shares Global Internet Giants ETF (OGIG) will also be affected, as it tracks stocks in the internet sector with quality and growth characteristics [4][5] - The Procure Space ETF (UFO) is expected to experience changes due to the rebalancing of the S-Network Space Index, which targets space-related businesses [5][6] Group 3: Market Dynamics - The third Friday of December is a common rebalance date, coinciding with the expiration of various derivatives, which enhances market liquidity and facilitates ETF adjustments with minimal impact on stock prices [8]

Core Insights - The holiday shopping season is starting earlier each year, which has investment implications for various sectors [1] Group 1: Investment Opportunities - Investors can leverage the holiday shopping theme through various means, including ETFs like the ALPS O'Shares Global Internet Giants ETF (OGIG), which has about 18.5% of its portfolio in consumer cyclical stocks [2] - OGIG's portfolio is primarily weighted towards technology and communication services stocks, providing a buffer against volatile consumer sentiment while also being a credible avenue for artificial intelligence investments [3] Group 2: Consumer Behavior - Younger consumers, particularly Gen Z (18%) and Millennials (17%), are more responsive to seasonal discounts, with a notable preference for shopping during major sales events like Black Friday and Cyber Monday [5] - In-store shopping remains dominant among older generations, while younger demographics favor online shopping, which could positively impact the long-term growth of OGIG holdings like Amazon and Shopify [5][6] Group 3: Spending Patterns - Price sensitivity is evident among younger shoppers, with 37% of Gen Z spending under $100 during the previous holiday season, and 19% of Millennials also spending less than $100 [7]