I came across the ETFMG Prime Mobile Payments ETF: IPAY last night. Has anyone else considered/hold this? The spread is pretty wide (perhaps because volume is showing up as 11? The 90 day avg volume is ~90K), but the holdings intrigue me. I already hold 2 of the top 5 holdings (V, PYPL), and a third going further down the list (SQ). This is a subsector that I am bullish on.
The ER is 80bps, which seems about average/above average for a specialized ETF. For example, many redditors here are interested in AI/automation. BOTZ has an ER of 68 bps and ROBO is 95. Before this post is downvoted for the mention of an expense ratio over 10bps, I don't think it is fair to compare to broad index ETF ERs like VTI's 4bps when a specialized ETF will be a minor holding in a passive portfolio mostly comprised of VTSAX/VTIAX. The 1-2% position (with a couple other ETFs like this, i.e. ITA, IBB, IHI, ROBO) adds a little spice to my passive portfolio. I currently pick stocks for ~10-15% of my portfolio, and this is an opportunity to consolidate that.
Submitted April 11, 2018 at 09:09AM by Kunu2 https://ift.tt/2qnwg3i
