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Iran war volatility lifts oil and rattles stocks. But tech ETFs, powered by AI, cloud and cybersecurity demand, are emerging as surprising defensive plays.
The Amplify Bluestar Israel Technology ETF offers exposure to innovative stocks from the economy with the greatest R&D intensity in the world. Israel's economy, with a strong focus on R&D, is a leading hub for innovation, particularly in areas such as AI, cybersecurity, and biotech. Besides ITEQ, investors also have the option of pursuing the ARK Israel Innovative Technology ETF; we proceed to compare these two products.
Geopolitical tensions in the Middle East are weighing on investor sentiment in the exchange-traded fund market as traders watch for ripple effects from the Israel-Hamas war.
Exchange-traded funds that invest in Israel-related stocks were under pressure on Monday as the country stepped up airstrikes on the Palestinian enclave of Gaza in response to Saturday's unprecedented attack by the militant group Hamas.
The country is home to 33% of the world's unicorns in cybersecurity, the Israel National Cyber Directorate said last year.
In June, the ETF industry learned that issuer ETF Managers Group would be selling its funds to Amplify ETFs. The transaction, once completed, will bring Amplify's total AUM to $8 billion invested across 29 ETFs.
The week ending Friday, July 21, has been busy for the ETF industry, though launches were muted. A total of seven funds rolled out, which suggests the market could be entering some kind of summer slump.
The ALPS Disruptive Technologies ETF (DTEC) is a solid offering for consideration as growthier segments of the market take off again. The disruptive tech ETF has increased 7.5% over the past five days and nearly 2% in the past one-month period.