Two PSJ holdings are also found in the PureFunds ISE Cyber Security ETF (NYSEArca: HACK), one of this year’s top-performing technology ETFs. HACK also hit an all-time high on Wednesday. Both HACK and SKYY are littered with potential takeover, which could prove to be good news for PSJ in the future. [The Soaring Cyber Security ETF]
The tech space is sporting a slightly higher valuation than the broader equities market, but it isn’t too high for a growth-oriented sector. For example, PSJ’s price-to-earnings ratio is just over 25 while the PowerShares QQQ (NasdaqGM: QQQ), which tracks the Nasdaq-100, has a P/E of nearly 21.
PowerShares Dynamic Software Portfolio
