ETF Trends
ETF Trends

Look around. You probably see at least a half-dozen people with their iPhones or Blackberrys out. Smartphones are taking the world by storm, and now there’s an index to represent. Perhaps an exchange traded fund (ETF) could be in the offing.

The NASADQ OMX CEA Smartphone Index is a new index that tracks companies specifically dedicated to the Smartphone business. The index holds about 84 companies and includes networks that are associated with the development, sale and usage of smartphones, says ETF Professor for Benzinga. [Telecom ETFs Tweet Their Way to Success.]

Companies to look for that would hold weight in the Smartphone world include: Apple (NASDAQ: AAPL), Google (NASDAQ: GOOG), Research In Motion (NASDAQ: RIMM), Palm (NASDAQ: PALM), Qualcomm (NASDAQ: QCOM). [Why Telecom ETFs are Defensive.]

ETF Professor does make the case that a smartphone ETF may not necessarily be needed, and it’s hard to argue against it. There are a variety of telecom ETFs out there now, including those listed below, that hold not only the developers of smartphones, but also cellular service providers with whom many of these smartphone makers have developed contracts. ETF Professor points out that SPDR Morgan Stanley Technology (NYSEArca: MTK) may cover both bases the best.

For more stories about telecom ETFs, visit our telecom ETF category.

  • SPDR Morgan Stanley Technology (NYSEArca: MTK)

  • PowerShares Dynamic Telecom & Wireless Portfolio (NYSEArca: PTE)

  • Vanguard Telecom Services (NYSEArca: VOX)

  • iShares Dow Jones U.S. Telecommunications (NYSEArca: IYZ)

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.