Top Technology Sector ETFs to Watch in 2017
Explore the top technology sector ETFs of 2017, including innovative funds like Ark Innovation, social media-focused ETFs, and IoT sectors. These funds provide diversified exposure to leading tech companies, offering growth opportunities aligned with industry advancements. With varying risk profiles and global holdings, they are ideal for investors seeking to capitalize on the tech boom. Stay informed about the best ETF options to maximize your investment portfolio in the burgeoning tech landscape this year.
Leading Technology Sector ETFs to Consider in 2017
The technology industry has outperformed all other S&P sectors since last year, posting a nearly 9.5% increase annually—surpassing the S&P 500’s 5.3%. While financial stocks surged after reforms, tech stocks are now favored for growth prospects amid improving economic conditions. Less prominent ETFs holding innovative tech companies are gaining attention. Among the top technology ETFs to explore this year are:
Ark Innovation ETF
The Ark Innovation ETF focuses on disruptive technology sectors like Web 3.0, genomics, and industrial innovation. Its leading holdings include Amazon, Tesla, and Stratasys. With an expense ratio of 75 basis points and assets totaling $19 million, it caters to investors with a higher risk appetite. Since launching two and a half years ago, the ETF has gained approximately 22%.
Global X Social Media ETF
This fund offers exposure to top social media giants worldwide. Facebook is among its main holdings and has performed strongly during the year. With $89 million in assets, over half are invested internationally—mainly in Japanese and Chinese tech companies, fueling the ETF’s 15% growth in 2017. The expense ratio is 65 basis points.
PowerShares NASDAQ Internet Portfolio
Tracking major US internet firms, this ETF includes Amazon, Facebook, and Netflix. With $317 million in assets under management and a 13% global stake, it’s risen over 14% this year, operating at a 60 basis point expense ratio.
Global X Internet of Things ETF (SNSR)
SNSR is the first ETF targeting the IoT sector, investing in companies benefiting from widespread IoT adoption. It includes firms like Mobileye and Skyworks, has a 6% security cap, and an AUM of $38 million. The ETF has appreciated 14% in 2017 and charges 68 basis points in fees.
