Chatter about the Internet of Things (IoT) is increasing, and while IoT is often viewed as a theme with major implications for the communication services and technology sectors, there’s more to the story. That’s vital to the thesis for the Global X Internet of Things Thematic ETF (NasdaqGM: SNSR).
SNSR targets the Indxx Global Internet of Things Thematic Index. IoT “includes the development and manufacturing of semiconductors and sensors, integrated products and solutions, and applications serving smart grids, smart homes, connected cars, and the industrial internet,” according to Global X.
Amid the coronavirus pandemic, IoT’s healthcare applications are becoming more prominent, providing another long-term catalyst for SNSR.
“Healthcare providers have been turning to the Internet of Medical Things (IoMT) to facilitate their digital transformation since before the coronavirus hit the US — but the pandemic has caused a sea change in providers’ willingness to implement IoT solutions that