As a growth ETF, IVW is overweight technology to the tune of a 27% weight. However, the ETF was not drubbed too badly when momentum names fell out of favor earlier this year because most of the fund’s tech exposure comes by way of the sector’s more mature names, including Apple (NasdaqGS: AAPL) and Microsoft (NasdaqGS: MSFT). [Old Tech, New Tech in One ETF]
IVW’s 13.4% weight to health care is a mix of blue chip pharma an large-cap biotech names. The fund features some value exposure, including a combined 18% weight to industrial and energy sectors.
Fixed income positions in the MAPS portfolios include the iShares Core Total U.S. Aggregate Bond ETF (NYSEArca: AGG), iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) and the Vanguard Short-Term Bond ETF (NYSEArca: BSV).
Although fears of an imminent interest rate hike have ebbed, BSV’s 1,913 holdings have an average duration of 2.7 years, which has made the ETF a popular destination this year for bond investors worried about rising rates. BSV has hauled in $433.3 million in new assets this year. [Bond ETFs for Retirement Portfolios]
iShares Core MSCI EAFE ETF
Tom Lydon’s clients own shares of Apple, EFA and IEMG.