Investors who are interested in a targeted approach to the semiconductors segment can look to sector-specific ETFs, such as the iShares PHLX Semiconductor ETF (NasdaqGM: SOXX), which tracks the benchmark PHLX SOX Semiconductor Sector Index.

“Within tech, we like semiconductor firms, thanks to a potential earnings turnaround this quarter,” the strategists added.

“We are mindful of crowded positioning as investors chase scarce areas of growth. Bottom line: We do not expect the strong first-quarter performance of tech shares to be sustained, but see selected opportunities in the sector as disruptive innovations create growth opportunities.”

Additionally, something like the iShares Exponential Technologies ETF (NasdaqGM: XT) can provide global exposure to companies identified as leaders across key areas of technological transformation from big data and analytics to nanotechnology and bioinformatics. These companies, which also cross industry sectors such as manufacturing, financial services and healthcare, have the potential to profoundly transform society and may offer substantial investment growth opportunities.

For more information on the tech sector, visit our technology category.

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