The Organization for Economic Cooperation and Development (OECD) agrees that the technology sector has passed a turning point. This may mean that related exchange traded funds (ETFs) could soon be reflecting this notion.
Although the numbers within the technology sector are still below pre-crisis levels, the overall production of cell phones, computers and semiconductors has picked up. Eric Pfanner for The New York Times reports that the bounce-back in data has been seen in several countries, with the Asian region recovering the most quickly as far as technology is concerned.
In Japan, South Korea and Taiwan, production of information technology products at its highest was down 40% from a year earlier. Since May, output was down only 3% year-on-year.
- iShares S&P Global Technology (IXN): up 31.1% year-to-date
- SPDR S&P International Technology Sector (IPK): up 26.5% year-to-date
For more stories about technology, visit our technology category.
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.