Despite the fact that this fund is called the Global Technology ETF, 9 of the top 10 holdings are U.S. based companies. As in most cases now days the top holding is Apple at just over 10% of the fund. Here is the breakdown of the Top 10 holdings which make up just over 50% [...]
The index that we will judge against is ^XCI which is the Amex Computer Technology Index. This is the closest representation of the sector of the market that these ETFs are supposed to track. Here are the components of the index: AAPL Apple Inc. ADBE Adobe Systems Incorporated ADP Automatic Data Processing, Inc. AMAT Applied [...]
The most heavily traded Broad Technology ETF by a wide margin is the Technology Select Sector SPDR – XLK. This ETF has been trading since December 16, 1998 and currently trades nearly 11 million shares per day. It has an annual expense ratio of .22% (22 Basis Points) and normally invests 95% of it’s assets [...]
