Related: Two Tech ETFs to Consider in October
Moreover, momentum could keep technology stocks going. When tech has outperformed the broad market by over 10% over the past 6 months, it typically continued to beat the market.
Home to $1.1 billion in assets under management, FTEC is one of the biggest ETFs in Fidelity’s sector suite. FTEC also holds 360 stocks, giving it one of the largest rosters among cap-weighted tech ETFs. That deep bench approach can be advantageous as highlighted by FTEC’s out-performance this year of competing funds with significantly smaller lineups.
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Tom Lydon’s clients own shares of Apple.