Related: Tech Investing is Almost the Only Game in Town
None of RYT’s 69 holdings account for more than 1.78% of the ETF’s weight. The $1.5 billion ETF allocates over 24% of its weight to IT services providers and nearly 24% of its weight to semiconductor firms.
“Most of the growth opportunity within technology is not really in the Googles and the Apples because their market cap is so huge. You’re going to get better bang for your buck in mid-cap or smaller companies,” said Paul Nolte, a portfolio manager at Kingsview Asset Management in Chicago, in an interview with Bloomberg.
For more information on the tech sector, visit our technology category.
Tom Lydon’s clients own shares of Apple, Facebook and Microsoft.