IXN stands as a credible “Apple (NasdaqGS: AAPL) ETF” with a 13.6% weight to the iPad maker. IXN, like several other more well-known tech ETFs, has benefited this year not only from its Apple exposure, but its exposure to suddenly resurgent old line tech stocks. IXN’s combined weight to Microsoft, Intel (NasdaqGS: INTC) and Cisco (NasdaqGS: CSCO) is 15.3%. [Tempting Tech ETF]
IXN’s emerging markets exposure comes courtesy of a combined weight of almost 9% to South Korea, Taiwan and China. The ETF’s largest non-U.S. holding is a 3% weight to Apple rival Samsung.
BCM also has a stake in the $311.3 million iShares Global Financials ETF (NYSEArca: IXG). IXG, rated Marketweight by S&P Capital IQ, has the lowest U.S. weight of the ETFs highlighted hear at 42.3%.
Half of the ETF’s top-10 holdings are non-U.S. banks, but IXG does feature a combined weight of 14.5% to Australian and Canadian banks. Many banks in those countries have been solid dividend growers and currently sport superior yields compared to their U.S. equivalents. [Time to Consider Australian Stocks]
iShares Global Tech ETF
Tom Lydon’s clients own shares of Apple.