The social commerce phenomenon — the intersection of online retail and social media — is taking off, bringing with it a variety of potentially positive implications for e-commerce and social media companies alike.
Sounds like an invitation to rush to internet exchange traded funds, but a little bit of homework can go a long way on this front, and that diligence could reveal the ARK Next Generation Internet ETF (NYSEArca: ARKW) as the preferred ETF option for leverage with the social commerce theme.
Signs are mounting the $6.35 billion ARKW, an actively managed fund, could have some of the best social commerce credentials in the ETF space.
Last week, “social media giant TikTok announced a partnership with Shopify to introduce in-app shopping and a host of other e-commerce features to its popular short-form video platform. This announcement marks the latest in a long list of social media sites dabbling in e-commerce,” according to ARK Invest research.
Shopify is the seventh-largest holding in ARKW at a weight of 4.54%, but there’s more to ARKW’s social commerce leverage. For example, Twitter (NYSE:TWTR), a potentially fertile avenue for social commerce, is ARKW’s third-largest component at a weight of 5.11%.
“As the combination of convenience and personalization enhances engagement, social platforms are likely to win either directly, through sales commissions, or indirectly, through advertising. Based on ARK’s research, during the next five years, social commerce is likely...
Read Full Story: https://www.etftrends.com/disruptive-technology-channel/arkw-inroad-to-the-shoppiness-of-social-media-apps/
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