What does ProShares Online Retail do?
ProShares Online Retail (NYSE:ONLN) focuses on investing in a global portfolio mainly comprising stocks of companies that significantly rely on online retail. This includes a broad spectrum of online sellers and e-commerce service providers aiming to capitalize on the growing trend of digital shopping. The fund seeks to track the performance of the ProShares Online Retail Index, adjusting its holdings to reflect the changing landscape of the digital marketplace. Their objective is to offer investors exposure to the online retail segment, which is expected to continue growing as consumer preferences shift increasingly towards online shopping. Through strategic investments, ProShares Online Retail aims to achieve returns that mirror the performance of the rapidly evolving online retail sector.