Already Soaring, This Online Retail ETF Has E-Commerce Trends In Its Favor

published 18.05.2020 14:27

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Investors who even casually follow the retail space know at least one thing: this year brought further confirmation of the move from brick-and-mortar stores to e-commerce.

What Happened One of the exchange traded funds at the epicenter of the ongoing shift to online retail is the ProShares Online Retail ETF (NYSE: ONLN).

“Here’s a statistic that would probably surprise most people: According to the U.S. Census Bureau, e-commerce sales accounted for 11% of U.S. retail sales in 2019,” ProShares said in a recent note.

Why It's Important ONLN follows the ProShares Online Retail Index, a benchmark known for its large weights to Amazon.com (NASDAQ: AMZN) and Alibaba (NYSE: BABA).

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