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FMQQ

The Next Frontier Internet Index


Tear Sheet

Investing in the Digitization of EM (ex-China)

 

FMQQ provides broad exposure to the Internet and e-commerce sectors of Emerging Markets, excluding China. While the growth of the U.S. and China internet sectors represented the first and second waves of the global digital revolution, we believe that the countries within the FMQQ index represent a third wave. FMQQ aims to capture this consumer story by providing investors with a simple, cost-effective way to gain exposure to the digitization of Emerging Markets ex-China.

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5 Reasons to Invest in EM Tech ex-China

  1. Massive Population: 4x the population of China
  2. Unique Tech Landscape: Consumers are skipping computers and going straight to smartphones
  3. Swelling middle-class rapidly adopting digital consumption
  4. Soaring Internet Adoption, first-time access via smartphones
  5. Exposure to innovative, lesser-known global companies

FMQQ = The Next Wave of Growth

 

The FMQQ Index is a modified market cap-weighted index with the largest positions capped at 8% during the semi-annual reconstitution and rebalanced in June & December.

 

FMQQ (4)

Country Weightings

  • INDIA44.78%
  • BRAZIL23.28%
  • INDONESIA12.41%
  • SOUTH KOREA11.91%
  • KAZAKHSTAN4.52%
  • POLAND3.14%
  • SOUTH AFRICA0.98%

 

EM Tech ex-China Investment News

  •  

May 29, 2025

The Great Rotation: Why Now May be the Time to Invest in Emerging Markets

After more than a decade of U.S. market dominance, investors are beginning to...

April 25, 2024

The ‘Amazon of Latin America’ Dives Deeper into LATAM Digital Dominance

While many investors are tied up following US-based FAANG stocks, ‘The Amazon...

FMQQ Company Spotlights

NUBANK

NUBANK

The Chime of Brazil, NU is one of the world's largest digital banking platforms.

Mercado Libre

MERCADO LIBRE

The Amazon of Latin America, MELI is a massive online commerce and payments company.

PAYTM

PAYTM

The Paypal of India, Paytm is a fintech company, focused on digital payments & financial services.

FMQQ

SEA LTD

The Amazon of Southeast Asia, SE is a leading global consumer internet company.

Our Investment Strategies

We provide investors exposure to the rise of the smartphone-enabled emerging markets consumer. Our strategies capture the Great Confluence of 3 mega trends: a swelling middle class producing 6 billion new consumers, first-ever access to smartphones, and first-ever access to internet via mobile. Through three strategies, investors can tailor their exposure to what McKinsey & Co. call the “biggest growth opportunity in the history of capitalism.”

EMQQ

The Emerging Markets Internet Index

FMQQ

The Next Frontier Internet Index

INQQ

The India Internet
Index

EMQQ
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