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XNTK - IETC: Achieving US Tech Independence Is Unrealistic And Even Sub-Optimal
SPDR NYSE Technology
2024-05-26 12:20:57 ET
Summary
iShares U.S. Tech Independence Focused ETF (IETC) is a hold due to its focus on U.S. tech independence, which may result in a lack of diversified supply chains and sub-optimal performance.
IETC is an actively-managed fund but has a lower expense ratio than most active funds and even some passively managed information technology ETFs.
IETC has lower weight on companies with significant international revenue, such as Apple, which may limit its potential for growth.
The strong forecast growth for developed international and emerging markets puts IETC's actively managed focus at a disadvantage compared to peer funds.