The performance of the small selection of ETFs with broad coverage in the technology sector, domestic and - with IXN, global - is skewed by the lop-sided performance in the equity market, much to the advantage of the sector
A few very large holdings dominate the selections - with Apple, Microsoft, Alphabet (Google), Nvidia and Facebook taking up 50% of the asset allocations of each fund
Delisted Invesco S&P500 Equal Weight - RYT - used to highlight the dominance of a very small cohort of tech stocks in driving the outsized performance of the sector
- With an equal weight allocation and less than 2% weighting to the top performers, the fund's performance was impacted quite negatively
Our selection tracks the imbalance within the technology sector, which could some day lead to a sharp correction,
