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FTEC features exposure to a wide array of technology companies, including technology hardware, storage, and peripherals; software; diversified telecommunication services; communications equipment; semiconductors and semiconductor equipment; internet software and services; IT services; electronic equipment, instruments and components; and wireless telecommunication services.
Investors more interested in a targeted exposure on the semiconductor segment to capitalize on millennials’ spending habits can look to sub-sector-specific ETFs like the VanEck Vectors Semiconductor ETF (NYSEArca: SMH) and the iShares PHLX Semiconductor ETF (NasdaqGM: SOXX), the two largest semiconductor-related ETFs on the market.
For more information on the tech segment, visit our technology category.