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ALPS Funds O’Shares Global Internet Giants ETF
OGIGFinancial ServicesAMEXUS
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Three ALPS ETFs each gained more than 10% in May as investors shifted money into technology and away from traditional energy. Key Takeaways: ACES gained 19.4% last month and is up 72.5% over the past year, while the energy sector fell 5.31% for the week ended May 29.
The ALPS O'Shares Global Internet Giants ETF (OGIG) jumped 8.4% last week, making it the top-performing ALPS fund as a handful of technology and e-commerce stocks delivered double-digit gains, according to ETF Database. Key Takeaways: OGIG surged 8.4% last week as Oracle and DoorDash rallied on AI infrastructure and autonomous delivery technology developments.
The debate over whether artificial intelligence has entered bubble territory has reached a fever pitch. For this edition of Bull vs Bear, writers Nicholas Peters-Golden and DJ Shaw discuss the disconnect between infrastructure spending and software revenue.
Key Takeaways OGIG capped Meta and Alphabet at 6%, down from 7.37% and 7.25% respectively. The fund added Synopsys and Constellation Software while dropping nine holdings including The Trade Desk.
