XITK - XITK: Dangerously Priced Way To Capitalize On Tech Innovation

• XITK offers a unique equally-weighted equity mix with a remarkable tilt towards large- and mid-cap growth stocks.
• Its smart-beta approach helped to create a more balanced equity mix, with no extreme top-heaviness.
• Its key ten holdings account for just 15.5% of the total NAV, so that looks quite acceptable in terms of risk dispersion.
• Most of the net assets, 25%, are deployed to the enterprise management software sub-industry, which is dramatically overpriced.
• Because I am more into GARP-tilting strategies, I would give XITK a neutral rating.

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