FTEC - Better Buy: Invesco QQQ or Fidelity MSCI IT Index ETF
The technology sector has been the most impressive part of the stock market for some time now -- certainly over the past decade as it provided the propulsion for the longest bull market in U.S. history. How things will play out over the next 10 years is impossible to know, but experts expect tech companies will continue to flourish, transforming industries from finance to healthcare to energy as they blaze new trails with artificial intelligence, robotics, and more.
One excellent way for investors to capitalize on the general trend of technological advancement -- but without betting on which companies will provide the breakthroughs -- is by buying technology-focused exchange-traded funds (ETFs). These offer both access to companies with great potential and diversification to temper the risks.
Two of the best technology-focused funds on the market right now are the Invesco QQQ ETF (NASDAQ: QQQ) and the Fidelity MSCI Informational Technology Index ETF (NYSEMKT: FTEC) . But which is the better buy?
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Better Buy: Invesco QQQ or Fidelity MSCI IT Index ETF