TECB - TECB: Not A Good Choice When Compared To Other Traditional Technology ETFs
2024-04-29 06:32:13 ET
Summary
- iShares U.S. Tech Breakthrough Multisector ETF owns a diversified portfolio of U.S. large-cap stocks benefiting from breakthrough technologies.
- The Fund has generally outperformed the S&P 500 in bull markets but underperformed in bear markets since its inception in 2020.
- TECB's portfolio includes not only information technology stocks but also companies from other sectors, potentially impacting long-term returns compared to traditional technology ETFs.
ETF Overview
iShares U.S. Tech Breakthrough Multisector ETF ( TECB ) owns a portfolio of U.S. large-cap stocks that will benefit from many different breakthrough technologies. These breakthrough technologies include robotics, artificial intelligence, cloud and data centers, cybersecurity, genomics, immunology, and financial technology. This means that TECB's portfolio will include not only the information technology sector but also other sectors. However, this diversification may not be able to offer better long-term return, as growth potential in other sectors still lags the information technology sector by a wide margin. Hence, we think long-term growth investors should continue to focus on traditional technology ETFs that solely focus on the information technology sector....
TECB: Not A Good Choice When Compared To Other Traditional Technology ETFs