3 ETFs to Watch as Google Continues to Enhance Machine Learning Tech

Google employs a collection of web-based applications known as G Suite, which includes the popular Gmail and Google Docs. The search engine giant also offers a wide range of productivity tools users can take advantage of on local or mobile devices, and as the company continues to enhance the user experience, investors can take note of few ETFs with Google holdings.

“Google started me thinking about this as I have watched it add various ‘smart’ functions (think AI) to email as well as increasing ways to help me complete or enhance a document, spreadsheet, or presentation with the Explore function,” wrote TJ McCue in Forbes. “It keeps learning from you and adjusting to you with these features.”

“If you are looking for other creative ways that people and organizations are using G Suite, there are tons of great customer stories that Google shares about how big and small organizations and companies use its free and enterprise-level products that may give you ideas for how you can leverage their cloud software,” McCue added. “I find many of these case studies inspiring, but that is based on how organizations are responding to community needs.”

3 ETFs to consider with Google exposure:

  1. Fidelity MSCI Communication Services Index ETF (NYSEArca: FCOM): seeks to provide investment returns that correspond generally to the performance of the MSCI USA IMI Communication Services 25/50 Index. The index represents the performance of the communication services sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Communication Services 25/50 Index.
  2. Vanguard Communication Services Index Fund ETF Shares (VOX): employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Communication Services 25/50. The index itself is made up of stocks of large, mid-size, and small U.S. companies within the communication services sector, as classified under the GICS. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index.
  3. Communication Services Select Sector SPDR Fund (XLC): seeks to correspond generally to the price and yield performance of publicly traded equity securities of companies in the Communication Services Select Sector Index. The index includes companies that have been identified as Communication Services companies by the GICS®, including securities of companies from the following industries: diversified telecommunication services; wireless telecommunication services; media; entertainment; and interactive media & services.

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