One of the world’s largest technology funds is set to ramp up its exposure to Nvidia, which has become the world's most valuable company following a...
Traders work on the floor of the NYSE in New York - One of the world’s largest technology funds is set to ramp up its exposure to Nvidia , which has become the world's most valuable company following a blistering run in its shares.
Until now, the technology ETF had 22.5% of its assets invested in Microsoft, 21% in Apple, and only 6% in Nvidia, according to Jay Woods, chief global strategist at Freedom Capital Markets. That caused the fund to underperform its benchmark as Nvidia’s shares rose 173% this year. The fact that three technology giants are vying for the top two spots in the ETF's portfolio is "unprecedented," Bartolini noted.1 Dividend Superstar I’D buy over TD Bank Stock
World's Most Valuable Company SPDR ETF Matthew Bartolini Apple Technology Select Sector SPDR Fund
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