Hi Pat, I recently sold Intel with a 39% upside. I am thinking about the Technology Select Sector SPDR Fund ETF for my tech exposure. What do you think?
Technology Select Sector SPDR Fund ETF, $38.74, symbol XLK on New York (Units outstanding: 340.3 million; Market cap: $13.2 billion; www.spdrs.com), aims to track the S&P Technology Select Sector Index, which consists of tech stocks in the S&P 500 Index. The fund’s MER is just 0.16%.
The $13.6-billion fund’s top 10 holdings are Apple, Google, Microsoft, Verizon, IBM, Cisco Systems, Intel, AT&T, Oracle and Qualcomm.
The ETF is broken down by segment as follows: technology, hardware, storage and peripherals, 20.6%; software, 16.6%, information technology services, 15.8%; Internet software and services, 15.1%; diversified telecommunication services, 11.4%; semiconductors and semiconductor equipment, 10.4%; communications equipment, 8.0%; and electronic equipment, instruments and components, 2.1%.
The Technology Select Sector SPDR Fund ETF is okay to hold.
hold.
…
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Changes to this Policy
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