Overview
Description
The iShares U.S. Technology ETF is a type of exchange-traded fund designed to provide investors with exposure to a wide range of technology companies within the United States. Its primary function is to track the performance of the Dow Jones U.S. Technology Index, which includes leading companies in exciting technology-related sectors. This ETF comprises companies that are pivotal in areas such as software development, hardware manufacturing, telecommunications, and information technology services.
The iShares U.S. Technology ETF includes high-profile companies such as Apple, Microsoft, and Intel, making it a representative sampler of the U.S. technology industry. The fund plays a crucial role in the financial market by allowing investors the opportunity to diversify their investment into multiple tech giants through a single transaction, mitigating the risks associated with investing in individual stocks. It is particularly significant for those with interests in the technology market looking to align their portfolios with the innovative trends driving modern economies. This ETF is prominent among investors seeking growth opportunities tied to the burgeoning and dynamic tech industry.
About
Instrument type
ETF
Country
United States
MIC code
ARCX