“Ken Leon, an equity analyst at S&P Capital IQ, thinks that while telecom service providers have been cautious over the past several years due to the economy, spending will likely begin to rebound in the second half of 2015, as new technologies gain broader market acceptance. For 2016, S&P Capital IQ expects accelerated equipment funding related to cloud computing and data centers from the enterprise and government markets,” said S&P Capital IQ.
In addition to Cisco, Juniper and Palo Networks, XTL holds several other stocks that are also found in the PureFunds ISE Cyber Security ETF (NYSEArca: HACK) and the First Trust ISE Cloud Computing Index Fund (NasdaqGM: SKYY), two of this year’s top-performing tech industry ETFs.
S&P Capital IQ has a marketweight rating on XTL. The ETF charges 0.35% per year and has more than doubled in size this year to $78.6 million in assets under management.
SPDR S&P Telecom ETF Top 10 Holdings
Table Courtesy: State Street Global Advisors