Summary
- FDN has easily outperformed both the S&P 500 and the NASDAQ.
- The index is composed of 40 companies that get a majority of their revenue from “the Internet”.
- Looking at the holdings, the rules for inclusion appear a bit perplexing with some prominent stocks not included.
- However, the loose rules mean the index is well diversified for being focused on just one sector.
Read the full article at Seeking Alpha right here: https://seekingalpha.com/article/4267493-fdn-great-fund-random-index