You know Kevin O'Leary as Mr. Wonderful from the hit TV show "Shark Tank." But O'Leary is also a frequent stock market commentator and has a host of exchange traded funds, including (OUSM) which tracks high quality small and mid cap stocks.

This week, O'Leary, who is Chairman of O'Shares ETF Investments, launched another ETF to track Internet stocks. It's called (OGIG) , or the O'Shares Global Internet Giants ETF. It includes well known names like Amazon (AMZN) , Facebook (FB) and Netflix (NFLX) but also lesser known names like Shopify (SHOP) , Nutanix (NTNX) . 

"We've really built this index around hyper growth - finding the companies with good balance sheets that are growing 20-30% a year," O'Leary told TheStreet. 

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

More from Video

Striking Options: Volatility, Nasdaq, & Treasuries

Striking Options: Volatility, Nasdaq, & Treasuries

The Market Is 'Full Blown Bear,' Says Jim Cramer

The Market Is 'Full Blown Bear,' Says Jim Cramer

How Card Security Is Rapidly Changing For the Future: MasterCard Executive

How Card Security Is Rapidly Changing For the Future: MasterCard Executive

Take a Piece of Pie: Here's How Much Consumers Shell Out for Holiday Shopping

Take a Piece of Pie: Here's How Much Consumers Shell Out for Holiday Shopping

Apple's Business Is 'Strong' but Storyline Is 'Negative,' Says Jim Cramer

Apple's Business Is 'Strong' but Storyline Is 'Negative,' Says Jim Cramer