Cinthia Murphy, Managing Editor, ETF.com
Cinthia Murphy, Managing Editor, ETF.com
The U.S. expertise sector has delivered fairly a efficiency in 2019, rallying greater than 40% this yr when the S&P 500 itself tacked on features of about 25%.
The tech sector is now on tempo to register its finest returns in a decade, and third finest ever. The best performing tech ETFs of the year present that almost each pocket of the expertise section has accomplished effectively, notably semiconductors and data expertise names.
The Know-how Choose Sector SPDR Fund (XLK) is among the many yr’s top-performing tech ETFs, and it has gathered greater than $1 billion in recent web belongings in 2019. This fund has $25 billion in whole belongings below administration right now, making it the largest tech ETF in the marketplace. It prices 0.13% in expense ratio, or $13 per $10,000 invested.
XLK is a concentrated fund, investing in about 70 tech names discovered within the S&P 500. As a result of the portfolio is market-cap-weighted, XLK tilts giant, and allocates closely to a handful of firms. In reality, practically 40% of XLK is in solely two firms:…