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.
Investment Thesis
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IETC: Achieving US Tech Independence Is Unrealistic And Even Sub-Optimal