As for IXN’s global element, investors are not incurring a significant in risk or volatility with this ETFs. IXN’s three-year standard deviation is 13.87% compared to 14.55% for the iShares U.S. Technology ETF (NYSEArca: IYW), according to iShares data.
The U.S. is over 77% of IXN’s country weight with other developed market allocations including a combined 10.2% to Japan, Germany, the Netherlands and Sweden.
IXN’s emerging markets exposure comes by way of a combined 7.3% weight South Korea and Taiwan, two of the lowest beta and most tech-heavy developing markets. [Tech Ties Lift Taiwan ETF]
iShares Global Tech ETF
Tom Lydon’s clients own shares of Apple and Microsoft.