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ROBT - Is There A Tech Bubble? Our Current Tech Positioning

2024-05-03 14:40:00 ET

Summary

  • We do not believe that tech is in bubble territory. We see pockets of irrationality and excess risk-taking, particularly in AI hype names, but this is not pervasive, and it is too extreme to characterize it as a bubble.
  • Our underweight positioning to tech reflects our bottom-up investment process.
  • While we are underweight tech in US and multi-asset class strategies, we continue to hold meaningful positions in tech names where the strategy fit is strong, and valuations look attractive. We are overweight tech in non-US Equity strategies.

First and foremost, we define technology ((TECH)) exposure as the combination of the Communication Services and Information Technology GICS sectors. Tech spans multiple customer segments (consumer vs. enterprise), business models (advertising, subscriptions, hardware, chips, etc.), and end-markets....

For further details see:

Is There A Tech Bubble? Our Current Tech Positioning
Stock Information

Company Name: First Trust Nasdaq Artificial Intelligence and Robotics ETF
Stock Symbol: ROBT
Market: NASDAQ

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