This year, the market for particularly high-flying technology stocks has fallen sharply Once the darling of Wall Street, these companies have borne the brunt of several macroeconomic headwinds as they grow stronger and stronger.
For example, the index has lost more than 25% since the beginning of the year, while the index has declined by about 31% over the same period.
However, after five consecutive months of decline, some people think that is enough.
In today’s article there are three ETFs (exchange-traded funds) that can appeal to reverse investors ready to buy technology stocks.
1. Technology Selection Sector SPDR Fund
- Current Price: $ 140.00
- 52 week range: $ 127.04 – $ 177.04.
- Dividend yield: 0.81%.
- Expenditure ratio: 0.13% per annum
The first fund on today’s list is the Technology Selection Sector SPDR® Fund (NYSE :). It invests in companies that provide software, hardware, storage solutions and communications equipment. It provides access to first-order values. The fund was first listed in December 1998.
XLK Technology Selects Sector Tracker Index and currently holds 76 stocks. About one third of the portfolio is made up of software companies. This is followed by technology hardware, storage and peripherals (23.20%), semiconductor and semiconductor equipment (20.52%), and computer services (17.27%).
The top 10 stocks account for about two-thirds of the সম্প 41.8 billion net worth. Microsoft (NASDAQ 🙂 and Apple (NASDAQ 🙂 hold the most shares with about 22% each. Other big names include Visa (NYSE :), MasterCard (NYSE :), NVIDIA (NASDAQ :), Broadcom (NASDAQ 🙂 and Adobe (NASDAQ :).
Towards the end of 2021, XLK reached its all-time high. However, since the beginning of the year it has decreased by about 19.49%.
Trailing price to earn (P / E) and price to book (P / B) ratio is 22.30x and 8.08x. Technical advocates who want higher exposure to MSFT and AAPL stocks should keep an eye on this fund.
2. Invesco PHLX Semiconductor ETF
- Current Price: 24.11
- 52 week range: $ 21.72 – 32.01
- Dividend Yield: 1.0%
- Expenditure ratio: 0.19% per annum
A recent McKinsey study suggests that the overall annual growth of the chip industry could average 6-8% per year until 2030. At the same time, most analysts agree that the supply deficit that has plagued the semiconductor sector will begin to ease in the coming months. .
Yet since the beginning of the year, the PHLX Semiconductor Sector Index has fallen more than 21%. Therefore, our next fund, Invesco PHLX Semiconductor ETF (NASDAQ :), may be of interest to investors looking for a suitable entry point in the chip space. The fund went into business in June 2021 and has a net worth of $ 62.8 million.
SOXQ currently owns 30 shares. More than 40% of the portfolio is occupied by the top 10 names. These include Broadcom, Intel (NASDAQ :), Advanced Micro Devices (NASDAQ :), Qualcomm (NASDAQ :), NVIDIA, KLA-Tencor (NASDAQ 🙂 and Analog Devices (NASDAQ :).
Since most long-term portfolios are likely to benefit from exposure to major chip stocks, SOXQ demands readers’ attention. Year-to-date, SOXQ lost 22.9%. Forward P / E and P / B ratio is 17.61x and 5.88x.
3. Global X Robotics and Artificial Intelligence ETF
- Current Price: $ 23.79
- 52 week range: $ 20.88 – $ 39.99
- Dividend Yield: 0.25%
- Expenditure ratio: 0.68% per year
Over the past decade, innovation has been a major driver of growth on Wall Street. The Matrix recommends that:
“The market size of the Global Artificial Intelligence (AI) robot is expected to reach $ 37.9 billion by 2027.”
Such an increase from the current level would mean a compounded annual growth rate (CAGR) of more than 32%.
Our third technology fund is the Global X Robotics & Artificial Intelligence ETF (NASDAQ :), which invests in companies around the world focusing on innovation and development behind robotics and artificial intelligence (AI). The fund was launched in September 2016.
BOTZ currently holds 38 shares. Artists lead with 44.3%, followed by information technology (38.7%), healthcare (11.4%) and consumer discretion (2.6%).
The top 10 names account for about two-thirds of the $ 1.6 billion net worth. They include NVIDIA, robotics and automation giant ABB (NYSE :), Japanese electrical and automation group Kiens (OTC :), robotic surgery leader Intuitive Surgical (NASDAQ 🙂 and Japanese company Fanuc (OTC :), in the industry. FA) Machine.
BOTZ has lost one-third of its value since January. Trailing P / E and P / B ratios are currently 35.49x and 4.10x. Despite a 33% decline this year, we think this thematic fund could find a place in growth-oriented portfolios.