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TSM - iShares PHLX Semiconductor ETF: Attractive Entry Point With Long Runway Of Growth
Taiwan Semiconductor Manufacturing Company Ltd.
ETF Overview
iShares PHLX Semiconductor ETF (SOXX) owns a portfolio of large-cap semiconductor stocks. The fund seeks to track the investment results of the PHLX Semiconductor Sector Index. Stocks in SOXX’s portfolio should continue to enjoy favorable industry fundamental as the semiconductor industry is set to grow at a rate of 6.5% annually through 2024. In addition, stocks in SOXX’s portfolio have competitive position over their peers and many do have long runways of growth. SOXX’s weighted average P/E ratio is now attractive thanks to recent market selloff. Therefore, it is a good