Last year Internet stocks and exchange traded funds managed to post
gains despite the Facebook (NasdaqGS: FB) IPO flop early on. The S&P
1500 Internet Retail sub-industry gained 43.5% while the Internet
Software and Services sub-industry gained 22.2%.
“The story for the internet industry has certainly not been much different, though as of late it has comparatively fared better than most of its technology sector counterpart industries. Furthermore, the industry has come a long way from the dark days of the dotcom burst which shook its very foundations,” according to Zacks Equity Research.
The First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) gained 17.9% in 2012 while the PowerShares NASDAQ Internet Portfolio (NasdaqGM: PNQI) gave back 20.1%. Both ETFs outperformed the S&P 500, however, they underperformed the associated benchmarks, reports S&P Capital in a recent note.
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“The story for the internet industry has certainly not been much different, though as of late it has comparatively fared better than most of its technology sector counterpart industries. Furthermore, the industry has come a long way from the dark days of the dotcom burst which shook its very foundations,” according to Zacks Equity Research.
The First Trust Dow Jones Internet Index Fund (NYSEArca: FDN) gained 17.9% in 2012 while the PowerShares NASDAQ Internet Portfolio (NasdaqGM: PNQI) gave back 20.1%. Both ETFs outperformed the S&P 500, however, they underperformed the associated benchmarks, reports S&P Capital in a recent note.
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