IGM ETF

If you want to gain wide exposure to the Technology - Broad sector of the stock market, you might want to look at the iShares Expanded Tech Sector ETF (IGM). This is a passively managed exchange-traded fund that started on March 13, 2001.

Artificial intelligence (AI) has grabbed the interest of investors more than many other trends in the past. The buzz surrounding this technology has brought companies, previously recognized mainly by tech fans, into the spotlight. Meanwhile, many firms in Silicon Valley have experienced a surge in their stock prices, reaching record levels due to the potential of AI.

The iShares Expanded Tech Sector ETF provides a wide range of technology investments, covering both traditional tech firms and those in communication services and consumer products. Its focus is mainly on semiconductors, interactive media, application software, and systems software, which can lead to concentration risk. Additionally, the fund has a higher expense ratio and has not performed as well as XLK and VGT because of its broader definition of technology.

In theory, almost any investment has the potential to make you a millionaire, but most won't actually achieve that. On the other hand, technology stocks have consistently shown strong returns over time.

The iShares Expanded Tech Sector ETF (IGM) was launched on March 13, 2001. It is a passively managed exchange-traded fund that aims to give investors wide access to the broad technology sector of the stock market.

I am starting to recommend IGM with a buy rating because of its solid fundamentals, earnings growth, and the recovering economy, even though it has high valuations. The Federal Reserve's interest rate cut and the economic recovery create a positive outlook, and past trends indicate that the S&P 500 and tech stocks are likely to keep rising. IGM provides a diverse range of tech stocks from 11 different industries, including some undervalued mid and small-cap companies, which could lead to strong returns.

Some technology ETFs focus on specific areas of technology, while others have a wider approach. For example, the iShares Semiconductor ETF lets you invest in companies that make chips without needing to pick individual stocks.

MOUNTAIN VIEW, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a biotechnology company focused on engineered IgM antibodies, has announced that CEO Fred Schwarzer and Dr. Mary Beth Harler, Head of Research & Autoimmunity, will take part in a fireside chat at the Stifel 2024 Virtual Immunology and Inflammation Summit. This event is scheduled for Tuesday, September 17, 2024, at 9:00 a.m. EDT.

If you want to gain a wide understanding of the Technology - Broad area in the stock market, consider the iShares Expanded Tech Sector ETF (IGM). This is a passively managed exchange-traded fund that started on March 13, 2001.