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If you're interested in broad exposure to the Technology - Semiconductors segment of the equity market, look no further than the First Trust NASDAQ Semiconductor ETF (FTXL), a passively managed exchange traded fund launched on September 20, 2016.
First Trust Nasdaq Semiconductor ETF employs a sort of smart beta approach, emphasizing quality and momentum over market-cap weighting. FTXL currently overweights Intel and Micron, driving recent outperformance but also increasing portfolio concentration. FTXL's methodology has delivered benefits over 3 years, with strong sector EPS and revenue growth forecasts supporting a positive outlook.
The First Trust Nasdaq Semiconductor ETF might be the most underrated chipmaker ETF on the market. The ETF has returned some 161% over the past 12 months.
Semiconductor ETFs came under pressure Tuesday as a sharp sell-off in South Korea's technology sector spilled over into U.S. chip stocks, raising concerns about the durability of the artificial intelligence-driven rally ahead of a closely watched earnings report from Micron Technology Inc (NASDAQ:MU).
The First Trust Nasdaq Semiconductor ETF does things differently than standard semiconductor ETFs, positioning it as a beneficiary of Micron's surge.
A smart beta exchange traded fund, the First Trust NASDAQ Semiconductor ETF (FTXL) debuted on 09/20/2016, and offers broad exposure to the Technology ETFs category of the market.
After three years of hyperscaler capital spending feeding through to chip designers, foundry capacity, and lithography backlogs, the semiconductor ETF complex has separated into distinct buckets.
Looking for broad exposure to the Technology - Semiconductors segment of the equity market? You should consider the First Trust NASDAQ Semiconductor ETF (FTXL), a passively managed exchange traded fund launched on September 20, 2016.