Last week, Apple (NasdaqGS: AAPL) introduced several new products, but investors’ initial reaction was far from enthusiastic. However, as Apple has proven time and again to its investors and investors that own exchange traded funds heavy on the stock, many of the company’s new products lead to stellar long-term results for the company.

“Apple is a top-10 holding in 98 equity ETFs according to S&P Capital IQ. Besides being the largest stock ETFs tied to the S&P 500 index likeVanguard 500 Index (NYSEArca: VOO) and the Russell 1000 like), iShares Russell 1000 ETF (NYSEArca: IWB), the technology giant is more heavily weighted in popular tech-laden products,” according to S&P Capital IQ.

Well-known ETFs such as the Technology Select Sector SPDR (NYSEArca: XLK), iShares U.S. Technology ETF (NYSEArca: IYW) and PowerShares QQQ (NasdaqGM: QQQ), the Nasdaq-100 (NDQ) tracking ETF, feature out-sized weights to shares of Apple. In fact, no ETF has larger weight to Apple than IYW’s more than 19% weight to the stock.

“After all, Apple is off some 13 percent from its July highs around $132 – a level that AAPL shares have battled with on numerous occasions this year. The latest attack sent Apple down by as much as 20 percent, the losses helped in large part by August’s broader-market selloff. Naturally, then, investors are wondering whether this upcoming slate of Apple technology will be enough to start pushing the rock back up the hill. If you hold AAPL stock, you may have your head buried in the news for the next few days,” reports Kyle Woodley for U.S. News and World Report.

“For investors that want to track more diversified technology index, an equal-weighted approach is worthy of consideration. The S&P 500 Equal Weight Technology Index is one of them. It consists of all the technology stocks in the S&P 500 in largely equal proportion regardless of market cap and rebalances quarterly,” according to S&P Capital IQ.

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