Exchange traded funds (ETFs) that track the chip industry, semiconductors that is, could get a boost. Industry executives say they expect the oversupply of chips to decrease as demand picks up, reports Joanne Von Alroth for Investor’s Business Daily. These companies have been dealing with too many memory chips on the market. Industry insiders agree the industry is looking up and stabilizing prices will allow electronics companies to buy more products, increasing orders. Some of the semiconductor ETFs riding on the "less is more" theory include:
- iShares S&P GSTI Semiconductor (IGW) – up 11% year-to-date
- SPDR S&P Semiconductor (XSD) – up 11%
- PowerShares Dynamic Semiconductor (PSI) – up 14%
- Semiconductor HOLDRs (SMH) – up 16%
- ProShares Ultra Semiconductor (USD) – launched in February 2007
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