Invest In The Tech Giant “Apple” With These ETFs
Want exposure to Apple, but not just Apple? Consider diluting your risk through these ETFs. “Apple’s (AAPL) expected launch this week of a much rumored tablet computing device is expected to do for media what iTunes did for music and the iPhone did for telecommunications,” Kevin Grewal Reports.
Grewal Continues to say, “Apple CEO Steve Jobs reportedly expects the tablet to bring great leaps of innovation to the media industry by repackaging and reselling media content. In fact, the new device apparently aims to bring media efficiency to homes by enabling multiple users to read news, watch television and read emails. According to The Wall Street Journal, Apple has been in negotiations with television networks like Walt Disney (DIS-N29.91-0.01-0.03%) and CBS to come up with a monthly TV subscription service.”
“Additionally, the company reportedly has been in talks with the New York Times and NewsCorp to ink a publishing deal regarding books, newspapers and magazines. Apple’s latest earnings report beat Wall Street’s expectations, showing record revenue and a huge uptick in iPhone sales. With this in mind, it is likely that the tablet will revolutionalize and reshape the media industry and further bolster revenue at the innovative company,” Grewal Reports.
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ETF investors can gain exposure to Apple with the following funds:
The iShares Dow Jones US Technology (IYW)
The investment (IYW) seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. Technology Index. The fund generally invests at least 90% of assets in securities of the underlying index and depositary receipts representing securities of the underlying index. It may invest the remainder of assets in securities not included in its underlying index but which BGFA believes will help the fund track underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds advised by BGFA. The fund is nondiversified.
| TOP 10 HOLDINGS ( 65.37% OF TOTAL ASSETS) |
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The Technology Select Sector SPDR (XLK)
The investment (XLK) seeks to correspond generally to the performance, before fees and expenses, of publicly traded equities of companies in the technology economic sector. The fund typically invests at least 95% of assets in companies of the technology sector. The fund’s sector includes companies from the following industries: Internet and IT services, software, computers, peripherals, electronics, semiconductor equipment, and a variety of telecommunication products. It is nondiversified.
| TOP 10 HOLDINGS ( 64.64% OF TOTAL ASSETS) |
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The iShares S&P North American Technology (IGM)
The investment (IGM) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Sector IndexTM. The fund generally invests at least 90% assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The Fund may invest the remainder of its assets in securities not included in its underlying index but which BGFA believes will help the fund track its underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents. The fund is nondiversified.
| TOP 10 HOLDINGS ( 58.84% OF TOTAL ASSETS) |
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ETF BASIC NEWS, IGM, IYW, XLK
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