With Apple introducing 5G-enabled iPhones last week, the trade around fifth-generation connectivity — which encompasses everything from cellular networks and satellites to cellphone tower real estate to broadband and fiber cable technologies — is heating up.
“The new iPhone is absolutely going to help this out tremendously,” Tom Lydon, CEO of ETF Trends and ETF Database, told CNBCs “ETF Edge” on Monday.
“Unfortunately, right now, we only have 5G in 30 cities around the U.S.,” he acknowledged. “But if you’ve got an Apple 12 and you can get that 100 times speed on your phone and you can show that to your friends, you can imagine that people are going to start talking about it.”
More talk begets more demand and more innovation, Lydon said, adding that Apple’s rollout could benefit one exchange-traded fund in particular: the Defiance 5G Next Gen Connectivity ETF (FIVG).
Paul Dellaquila, president and global head of ETFs at Defiance, said in the same interview that his fund’s intention was to capture “the entire ecosystem” of the 5G expansion.
