Credit: Shutterstock photoCinthia Murphy, Managing Editor, ETF.com
Technology is the best-performing sector this year, and ETF investors have no shortage of strategies for tapping into these hot tech stocks.
ETF.com’s Sumit Roy took a look at how the 60-plus different tech ETFs are performing, honing in on those delivering top gains.
The largest, most popular tech ETFs are doing well. Funds like the Technology Select Sector SPDR Fund (XLK) and the Vanguard Information Technology ETF (VGT), each with more than $21 billion in assets, are up more than 13% year-to-date. That compares to an S&P 500 that’s up about 5% so far in 2018.
But the top performance among tech ETFs this year is found among those funds focused on internet stocks. Strategies such as the SPDR S&P Internet ETF (XWEB), the First Trust Dow Jones Internet Index Fund (FDN), the Invesco NASDAQ Internet ETF (PNQI) and the ARK Web x.0 ETF (ARKW) are up 24% to 34% this year.
Top-Performing Tech ETFs Of 2018
Data measures total return for the year-to-date period through June 12.
In other news, Charles Schwab released its annual investor survey, offering a rare glimpse into what ETF investors actually want.
As expected, the survey showed that investors care about costs. What is perhaps surprising is that they care about that aspect above all else.
ETF.com’s Lara Crigger reports that costs trump everything when it comes to choosing an ETF, from what an ETF actually owns, to its brand name, to its returns. Price tag matters.
The survey also looked into demographic trends, finding that millennials are big ETF fans; both men and women are equally likely to own ETFs; and ETF investors tend to be do-it-yourselfers. You can see all the findings in detail here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
