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The underlying index’s selection universe considers all non-U.S. securities listed on exchanges. Index constituents are primarily weighted equally. Index constituents are then separated into two liquidity pools. The first liquidity pool is formed of the components ranked in the top 80% of liquidity, while the second liquidity pool is made up of constituents ranked in the bottom 20% of liquidity. The Index’s exposure to a single country is limited at 25%. If the Index’s exposure to a specific country crosses 25%, each security of that country has its weight reduced on a pro rata basis so that the total exposure to that country comes down to 25%. The ETF could be intriguing for investors seeking to benefit from the changing retail shopping scenario, which is increasingly shifting from bricks-and-mortar stores to digital. Per Statista, e-commerce share of global retail sales will likely go up to 17.5% in 2021 from 10.2% in 2017. Last year, global retail ecommerce sales were $2.304 trillion , marking a 24.8% year-over-year increase, per eMarketer. Mobile was the main driving factor, as mcommerce made up about 58.9% of digital sales, a huge leap in share from 40.2% in 2015.

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