In what seems like an interesting spin on a popular area of product development, WisdomTree is listing a new “modern platform” ETF. The WisdomTree Modern Tech Platforms Fund (MDPL) will invest in companies that make good dollar from websites and the tech and back-end functions that support them. Of particular interest are businesses in payments, social media, video games, content and communications.
MDPL will track an equal weight self-index of European and North American platform companies. Companies must meet certain basic size and liquidity requirements to be eligible. Eligible companies in the platform ecosystem are then included or excluded based on WisdomTree’s assessment of their:
business model;
customer or participant relationship;
revenue source.
The index is reconstituted and rebalanced annually.
