7 Best Tech ETFs to Buy Right Now
These tech funds belong in your portfolio. The growth in technology stocks continues as companies across many sectors use more data and store it in the cloud, generating higher profit margins and returns for investors. The tech sector is the most sensitive sector to gross domestic product growth, gaining 7.1% on average for every 1% GDP growth in the past 10 years, says Jodie Gunzberg, managing director, chief institutional investment strategist at Morgan Stanley Wealth Management. Another distinguishing characteristic of the tech industry is that it generates a relatively high percentage of revenues from overseas at nearly 60%, she says. Here are seven tech exchange-traded funds to add to your portfolio. Technology Select Sector SPDR Fund (ticker: XLK) The Technology Select Sector SPDR Fund is a broadly diversified large-cap ETF that tracks the Technology Select Sector Index. The top three holdings are Apple (AAPL), Microsoft Corp. (MSFT) and Nvidia (NVDA). "With ...