ETF Overview
iShares PHLX Semiconductor ETF (SOXX) owns a portfolio of large and giant-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 7.67% annually through 2024. In addition, stocks in SOXX’s portfolio have competitive position over its peers. However, these stocks are slightly more expensive than its historical averages. Given a weakening global economy, we think investors should patiently wait on the