“If you believe in technology, you should still believe in it,” Marguerita Cheng, CEO of Blue Ocean Global Wealth, told CNBC. “Just understand that it is going to be more volatile.”
Related: The Next Evolution of Computing: Investing in Augmented and Virtual Reality (AR/VR)
The Technology Select Sector SPDR Fund (NYSEArca: XLK), which includes a hefty 20.1% tilt toward Apple (NasdaqGS: AAPL), has increased 18.6% year-to-date and remains one of the stronger sectors of the U.S. markets.
“If you have a sector ETF that you think could be significantly impacted by tariffs, it would be a really good time to evaluate that and potentially take your profits and move on,” Diahann W. Lassus, president of Lassus Wherley, told CNBC.
For more information on the market sectors, visit our sector ETFs category.
