A Hidden Gem Among Internet Retail ETFs
A Hidden Gem Among Internet Retail ETFs
XBUY, which is the international answer to the popular Amplify Online Retail ETF (NASDAQ:Identifying this year's best-performing exchange-traded funds isn't difficult. It may be painting with broad strokes, but investors looking for the ETF cream of the crop in 2020 should examine thematic funds.
確定今年表現最好的交易所交易基金並不困難。這可能是一幅寬泛的畫卷，但尋找2020年ETF精華的投資者應該審核主題基金.
Within that space, some of the best performers focus on e-commerce and online retail and not all of these high-fliers are dominated by Amazon (NASDAQ:AMZN).
在這個領域，一些表現最好的公司專注於電子商務和在線零售，並不是所有這些雄心勃勃的公司都由亞馬遜(納斯達克：AMZN).
What Happened: In fact, not all of the best online retail ETFs are dedicated to domestic stocks. Take the case of the Amplify International Online Retail ETF (NYSE:XBUY).
發生的事情：事實上，並不是所有最好的在線零售ETF都致力於國內股票。以放大國際在線零售ETF紐約證券交易所代碼：XBUY).
XBUY, which is the international answer to the popular Amplify Online Retail ETF (NASDAQ:IBUY), is higher by almost 43% year to date.
XBUY，這是流行的國際答案完善網上零售ETF(納斯達克：IBuy)，今年到目前為止上漲了近43%。
XBUY, which debuted in January 2019, tracks the EQM International Ecommerce Index. That index is comprised of “equity securities issued by non-U.S. companies that derive at least 90% of their revenue from online business transactions or e-commerce platforms,” according to Amplify ETFs.
XBUY於2019年1月首次亮相，追蹤EQM國際電商指數。該指數由“非美國公司發行的股權證券組成，這些公司至少90%的收入來自在線商業交易或電子商務平臺。”根據Amplify ETF.
Why It's Important: It's not unusual for international ETFs with e-commerce exposure to deliver impressive performances. What is unusual is for those funds to not be dedicated emerging markets plays. In fact, just six of XBUY's 15 geographic exposures are classified as developing economies and only China at a weight of 19.70% materially affects the fund's performance.
為什麼它很重要：對於擁有電子商務敞口的國際ETF來説，表現令人印象深刻的情況並不少見。不同尋常的是，這些基金沒有專注於新興市場。事實上，在XBUY的15個地理風險敞口中，只有6個被歸類為發展中經濟體，只有權重為19.70%的中國對該基金的表現產生了實質性影響。
“Unlike other thematic ETFs in the category that are emerging markets focused, XBUY has broad international exposure that includes both developed and emerging Markets,” according to Amplify. “The result is a smoother ride delivered by the broader exposure.”
Amplify表示：“與專注於新興市場的同類主題ETF不同，XBUY擁有廣泛的國際敞口，既包括髮達市場，也包括新興市場。”“其結果是，更廣泛的風險敞口帶來了更平穩的發展。”
Japan is XBUY's top country weight at almost 22%. The U.K. is third at 14.1%. The fund also checks another box for investors – one that's often lacking with comparable domestic products: reduced dependence on large stocks. Large-cap equities represent just 35.2% of XBUY's while small- and mid-cap names combine for the remainder.
日本是XBUY最大的國家權重，幾乎佔22%。英國以14.1%的比例位居第三。該基金還檢查了投資者的另一個選擇--這是國內同類產品通常所缺乏的：減少對大型股票的依賴。大盤股僅佔XBUY的35.2%，其餘股票為中小盤股。
What's Next: The bottom line is e-commerce is growing around the world, not just in the U.S. and XBUY helps investors capitalize on that theme with focusing on emerging markets or with significant overweights to Chinese equities.
下一步是什麼：底線是電子商務在世界各地都在增長，而不僅僅是在美國，XBUY通過專注於新興市場或大幅增持中國股票來幫助投資者利用這一主題。
“Online retail is a global theme with growth that will continue to accelerate post-pandemic,” notes Amplify. “International e-commerce is not restricted by geography, facilitating cross-border transaction growth.”
Amplify指出：“在線零售是一個全球性的主題，其增長將在大流行後繼續加速。”“國際電商不受地域限制，促進了跨境交易的增長.”
This year, XBUY is easily topping the MSCI EAFE and MSCI Emerging Markets indexes as well as other, broad international benchmarks.
今年，XBUY輕鬆位居摩根士丹利資本國際(MSCI)EAFE和摩根士丹利資本國際新興市場指數(MSCI Emerging Markets Index)以及其他廣泛的國際基準之首。
譯文內容由第三人軟體翻譯。
