some of the most innovative names in development. But this year, the focus has shifted from big names like Microsoft, HP and Dell (none of which will be coming this year) to start ups looking for their stage. Investors should keep an eye out for the next big name in tech, while preparing for some existing funds to benefit from the press.
Below, we outline three technology ETFs for investors looking to profit from these innovative companies and their added exposure in the coming weeks.
NASDAQ CEA Smartphone Index Fund (NASDAQ:FONE)
Mobile devices will be the main event this year at CES, as more tech start up have turned their focus to the one device that has become a constant accessory. By tracking the performance of smartphone giants like LG, Samsung and Research in Motion, FONE will likely capture much of the residual energy from the smaller presenters at CES [for more investing and money management ideas, check out the money management tips center over at Dividend.com.]
Social Media Index ETF (NASDAQ:SOCL)
Social media has evolved past networking and picture swapping to a multi-billion dollar ad sales center, and investors should expect the social networking sites to have a presence at the show this week. SOCL should enjoy an added bump in performance while main holdings like Facebook and Linkedin will experience heavier than normal traffic during the show.
S&P North American Technology-Multimedia Networking Index Fund (NYSE:IGN)
While none of the huge superstar consumer tech companies will be showing at CES, that doesn’t mean these ETFs won’t feel a bump from the added attention to technology. Many of these firms will still have an informal presence at the show, and ideas discussed this week in Vegas could influence larger firm decisions. IGN measures the performance of the U.S. multimedia networking stocks, and should be considered by investors who are wary of the risky tech funds [see also January 2013 Edition of ETF Edge Now Available].
Written By Carolyn Pairitz From ETF Database Disclosure: No Positions
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