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) - Get Report 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) - Get Report , or the O'Shares Global Internet Giants ETF. It includes well known names like Amazon (AMZN) - Get Report , Facebook (FB) - Get Report and Netflix (NFLX) - Get Report but also lesser known names like Shopify (SHOP) - Get Report , Nutanix (NTNX) - Get Report .
"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.
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