2024-05-10 17:59:41 ET
Summary
- JPMorgan U.S. Tech Leaders ETF is a new actively managed fund that focuses on investing in the technology sector.
- The fund is managed by experienced portfolio managers and aims to identify high-conviction opportunities in technology-driven disruption.
- The JTEK ETF has outperformed the Select Sector SPDR Technology ETF XLK in its first six months, but its track record is still too short to draw conclusions.
Wall Street is great at creating products that track parts of the market that have already been doing well. Many of these products are me-too products with a different name but ultimately the same results. And no sector of the marketplace has been more attractive to create funds around than Technology. After all - it's what has led the market higher, and the demand is still alive and well. The question is: Do these funds that come out late in the cycle really add value? That's what I want to explore in looking at the JPMorgan U.S. Tech Leaders ETF ( JTEK )....
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For further details see:
JTEK: Late In The Cycle, But Perhaps That's A Good Thing