Nasdaq compiles the dot-com index

The American stock exchange Nasdaq , which specializes in high-tech corporation stocks, has announced the launch of a separate index on Internet companies. This means that we can now visually monitor the state of this particular sector of the global economy. Moreover, we can now trade the entire sector at once, and not just individual stocks. This happens through the creation of a special industry fund under the Nasdaq based on a sectoral index. Such funds exist for technology companies (NASDAQ-100-Technology Sector Index, QTEC Foundation), for representatives of the biotech (iShares NASDAQ Biotechnology Index, IBB Foundation) and many others. Soon, such a fund will be created for the dotcoms.

The compilation of a separate index is rather symbolic. It means that the number of Internet companies on the exchange has become very large and continues to grow. There are investors who are interested in exactly the shares of dot-com and nothing else. This is understandable, because dot-coms, such as Google, have demonstrated an amazing growth rate for several years in a row.

The Nasdaq Internet Index will include companies not only from Nasdaq, but also from other stock exchanges.
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via Reuters