IXN ETF

Technology stocks and compounding are powerful wealth builders.

iShares Global Tech ETF offers global exposure to tech stocks but lacks Alphabet and Meta due to classification issues. IXN's valuation suggests it is between fair value and modestly overvalued, with a potential multi-year IRR of 8-12%. Apple, IXN's largest holding, may limit IRR potential due to possible downside or sideways trading.

The ongoing Q1 earnings season includes upcoming reports from Amazon and Apple. The iShares Global Tech ETF provides access to global tech stocks at fair prices and with positive seasonal trends. While there may be a short-term dip, IXN's long-term technical outlook indicates potential for more gains.

iShares Global Technology ETF has delivered a total return of 141% since April 2020. IXN owns a portfolio of global large-cap technology stocks. The fund is expected to benefit from important technological megatrends and a dovish Federal Reserve policy.

High-beta securities have rallied after the Federal Reserve paused its hiking cycle, signifying a good time for tactical allocation to the tech sector. The iShares Global Tech ETF (IXN) is heavily concentrated in US tech equities and is currently testing long-term highs. The improved economic outlook, strong earnings projections, and potential pause in the Fed's tightening cycle support an allocation to tech and support a bullish view on IXN.

iShares Global Tech ETF is heavily concentrated in U.S.-based tech companies, limiting its global exposure and sector diversification. The top holdings of the IXN ETF include Apple, Microsoft, and Nvidia, making up nearly two-thirds of its portfolio. Despite its name, IXN is predominantly U.S.-centric and has limited international exposure, with over 80% of its holdings being U.S. companies.