Another ETF with large Apple, Alphabet and Microsoft weights is the Fidelity MSCI Information Technology Index ETF (NYSEArca: FTEC), which charges barely more than 0.08% per year. With technology historically being a strong performer in the fourth quarter and one of the best sectors in October, now is a good time for investors give FTEC a look.
FTEC features exposure to a wide array of technology companies, including technology hardware, storage, and peripherals; software; diversified telecommunication services; communications equipment; semiconductors and semiconductor equipment; internet software and services; IT services; electronic equipment, instruments and components; and wireless telecommunication services.
For more information on the tech sector, visit our technology category.
Tom Lydon’s clients own shares of QQQ, Apple and Facebook.