Internet Infrastructure HOLDRs (IIH) is the top performing exchange traded fund for year-to-date, up 35%, and for the past month, gains of 16%. This is a big jump from a loss of 15% in 2005. The ETF hit a high in April and went below its 200-day moving average in the summer. It has made a nice come back since August and managed to stay a top performing ETF for the year.
This ETF holds mostly software companies but also some business services. The top three holdings make up about 80% of the ETF and include Verisign (VRSN), BEA Systems (BEAS) and Akamai Technologies (AKAM).
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.