Overview
Description
The Technology Select Sector SPDR Fund is an exchange-traded fund (ETF) that seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of publicly traded equity securities in the Technology Select Sector Index. This fund represents and tracks a broad portfolio of leading technology companies, capturing exposure to sectors such as software, hardware, semiconductors, and IT services. Companies included in this fund are prominent industry players like Apple, Microsoft, and NVIDIA, which underscores the fund's focus on high-growth, market-leading technology firms.
The ETF plays a crucial role in providing investors with targeted exposure to the technology sector, facilitating participation in the growth of technological innovation and advancements. It acts as a barometer for technology-related market movements, often impacting broader market indices given its inclusion of large-cap companies. The Technology Select Sector SPDR Fund is an important tool for asset allocation, diversification, and sector-specific investment strategies, reflecting the dynamic and rapidly evolving nature of the global technology landscape.
About
CEO
Mr. Mark Elliot Zuckerberg
Employees
72404
Address
1 Meta Way
Menlo Park, 94025, CA
United States
Menlo Park, 94025, CA
United States
Phone
650 543 4800
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Asset Management
Country
Argentina
MIC code
XBUE