Tuesday saw iPhone maker Apple jumpstart its fall product release with the latest iPhones as well as other devices. With Apple’s stranglehold on the smart device market, investors may want to consider exchange-traded funds (ETFs) with the heaviest weightings of the iPhone maker.

Here are the latest device releases consumers can anticipate from Apple:

  • $999 iPhone 11 Pro
  • $1,099 iPhone 11 Pro Max
  • $699 iPhone 11
  • Launch dates and pricing for Apple TV+ and Apple Arcade
  • A new $499 Apple Watch Series 5
  • A refreshed $329 iPad

As far as the iPhone goes specifically, here’s what consumers can expect from the latest iteration:

  • 5.8-inch and 6.5-inch OLED displays
  • Green, space gray, silver and gold, while Apple added a new matte finish to the back panel
  • A triple-lens camera
  • More hours of battery life
  • Faster, more efficient processing power

With the Federal Reserve expected to make more rate cuts through the rest of 2019, Apple is one of the companies capitalizing on the opportunity by offering bonds for sale. Apple joined other blue-chip companies like Disney and Coca-Cola who released their own bond offerings earlier this month.

“Companies are borrowing at lower costs than they could just a few months ago and it’s the same thing in mortgage financing,” said Benjamin Joseph, global fixed income expert at Morningstar. “Companies want to refinance and with such low rates we will see big companies with strong balance sheets that can add leverage at a very cheap price. … It’s an opportunistic valuation thing. The ability to refinance at 20 to 30, even 50 basis points lower, is a great opportunity.”

Per a Barron’s report, “The first week of September is usually a busy one for new debt issuance. But this go-round has been especially packed, with 35 investment-grade companies selling bonds in the first two days of the week.”

In addition, the report noted that “on Tuesday, a record-setting 21 companies sold $27 billion worth of investment-grade bonds. (That didn’t set a record for volume, however, as it remained well below the $52 billion of bonds sold on Sept. 11, 2013.)”

For investors who want to play further strength on Apple, here are 10 ETFs with the heaviest weighting of the iPhone maker:

TickerETFWeighting
XLKTechnology Select Sector SPDR Fund17.14%
VGTVanguard Information Technology ETF15.51%
FTECFidelity MSCI Information Technology Index ETF15.49%
IYWiShares U.S. Technology ETF15.37%
IXNiShares Global Tech ETF13.59%
HLALWahed FTSE USA Shariah ETF11.95%
JKDiShares Morningstar Large-Cap ETF11.03%
QYLDGlobal X NASDAQ 100 Covered Call ETF10.86%
QQQInvesco QQQ10.49%
IGMiShares Expanded Tech Sector ETF9.01%

 

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