2024-01-23 04:23:39 ET
Summary
- First Trust NASDAQ-100-Technology Sector Index Fund is a buy due to its equal-weighted strategy and strong performance in the technology sector.
- QTEC has outperformed cap-weighted tech ETFs over the past 10 years and has a higher 10-year compound annual growth rate than most of its peers.
- QTEC's top holdings, including AMD, MRVL, and META, have unique strengths and potential for future growth.
Investment Thesis
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QTEC: An Equal-Weighted Alternative In Technology ETFs With Surprisingly Strong Performance