Overview
Description
The iShares S&P 500 IT Sector Fund is a sector-focused exchange-traded fund designed to provide targeted exposure to the U.S. information technology sector. The fund tracks the performance of the S&P 500 Information Technology Index, investing in a broad array of companies involved in technology software and services, hardware, semiconductors, and IT-related consulting and data services. This approach enables diversification across prominent U.S. technology firms, including those leading advancements in software development, semiconductor production, and digital infrastructure. The fund’s structure seeks to mirror the sector composition of the S&P 500, thereby capturing the innovation and growth trends that define the technology industry. As a UCITS-compliant ETF, it operates under European regulatory standards and uses full physical replication. The fund is domiciled in Ireland and managed by BlackRock Advisors. Its role in financial markets is to offer investors a cost-efficient and liquid vehicle to access the performance of leading U.S. tech companies, supporting portfolio diversification and alignment with technological transformation trends in the global economy.
About
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Instrument type
ETF
Country
United Kingdom
MIC code
XLON