IGM ETF

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.

Launched on 03/13/2001, the iShares Expanded Tech Sector ETF (IGM) is a passively managed exchange traded fund designed to provide a broad exposure to the Technology - Broad segment of the equity market.

I initiate coverage of IGM with a buy rating due to strong fundamentals, earnings growth, and economic recovery, despite high valuations. The Fed's rate cut and economic recovery boost optimism, with historical trends suggesting a continued uptrend in the S&P 500 and tech stocks. IGM offers diversified exposure to tech stocks across 11 industries, including undervalued mid and small caps, positioning it for strong returns.

Some technology ETFs go beyond the basics and specialize in a certain type of tech, while others broaden the definition. The iShares Semiconductor ETF allows you to invest in chipmakers without having to choose individual stocks.

MOUNTAIN VIEW, Calif., Sept. 10, 2024 (GLOBE NEWSWIRE) -- IGM Biosciences, Inc. (Nasdaq: IGMS), a clinical-stage biotechnology company creating and developing engineered IgM antibodies, today announced that Fred Schwarzer, Chief Executive Officer, and Mary Beth Harler, M.D., Head, Research & Autoimmunity, will participate in a fireside chat at the Stifel 2024 Virtual Immunology and Inflammation Summit on Tuesday, September 17, 2024, at 9:00 a.m. EDT.

If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the iShares Expanded Tech Sector ETF (IGM), a passively managed exchange traded fund launched on 03/13/2001.

The iShares Expanded Tech Sector ETF is pitched as a technology ETF with a little something extra. This ETF hasn't done a particularly good job of rewarding investors of late.

The artificial intelligence (AI) industry is evolving quickly, and picking the long-term winners and losers won't be easy for investors. An exchange-traded fund (ETF) with a healthy allocation to AI stocks can help investors profit from the broad success of the industry.

Wall Street wrapped up a blockbuster first half of the year. In the current scenario, investors should bet on ETFs that were winners in the first half and have a solid Zacks ETF Rank #1 (Strong Buy) or 2 (Buy).