For stable tech sector exposure, the First Trust NASDAQ Technology Dividend Index Fund (NasdaqGS: TDIV) targets technology companies that have paid a regular dividend over the past 12 months, including a 8.2% position in CSCO. TDIV is up 17.5% year-to-date and offers a 2.48% 12-month yield. [The Temptation of Technology Dividends in ETFs]
Additionally, Morganlander suggests investors stick to U.S. equities next year as continued strength in the U.S. dollar aided by rising interest rate expectations would make overseas stocks less attractive.
“Let’s just face it. This is a global economy, but it’s also a global financial market, and the economy overseas is doing lousy,” Morganlander said.
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Max Chen contributed to this article.