Moreover, large-cap tech stocks may have been overlooked as more investors were captivated by the swings in smaller growth stocks. More conservatively-positioned tech ETFs, such as Technology Select Sector SPDR (NYSEArca: XLK) and the Vanguard Information Technology ETF (NYSEArca: VGT), have been holding on, with XLK up 13.4% and VGT up 13.1% year-to-date.
“A lot of the large-cap tech, I think, had been under-recognized by the market, particularly the beginning of this year—and is a huge beneficiary of increased cap ex and more corporate spending, more so than, we think, other sectors,” Moore said.
Meanwhile, health care sector stocks and ETFs, like the Health Care Select Sector SPDR (NYSEArca: XLV), are still attracting interest. XLV is the midst of a three-year run that has seen the ETF surge 112% compared to 83.8% for the S&P 500. [Investors Still Writing Prescriptions for Health Care ETFs]
Additionally, while the strategist remains positive on the U.S., she also points to additionally exposure toward the emerging markets, notably “upside in Asia.” Investors can also carve out emerging Asia exposure through the iShares MSCI Emerging Markets Asia ETF (NYSEArca: EEMA), which is up 10.0% year-to-date.
For more information on the markets, visit our current affairs category.
Max Chen contributed to this article.