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The SPDR FactSet Innovative Technology ETF offers exposure to high-growth tech and electronic media companies, aiming to capture innovation across diverse market capitalizations. XITK has $100m in AUM, 45bps fees, and no dividend payments since inception; it uses an equal-weighted index to mitigate stock-specific risk. Performance varies by time period, but XITK is recommended for those who can handle volatility; it gets a Buy rating for risk-tolerant investors, Hold for others.
SPDR FactSet Innovative Technology ETF holds 100 stocks of innovative companies closely related to technology. XITK primarily measures innovation based on revenue growth and has a focus on the software industry. Valuation and growth metrics are attractive relative to the sector benchmark XLK, but the sector as a whole is deeply overvalued.
The first tranche of Chinese ADRs affected by a 2020 law has been released.
Innovation growth funds focus on innovative, high-growth companies with the potential for market-beating returns. These funds underperformed during 2021, but are better positioned for a strong 2022.
According to the Consumer Technology Association (CTA), U.S. technology spending during the 2021 holiday season (October-December) is expected to reach a $142.5 billion, up 0.5% from last year.
XITK offers a unique equally-weighted equity mix with a remarkable tilt towards large- and mid-cap growth stocks. Its smart-beta approach helped to create a more balanced equity mix, with no extreme top-heaviness.
When it comes to growth stocks to buy, we've all got our ideas of what works. Here are seven ideas from one innovative portfolio.
Ten years ago, Marc Andreessen wrote an article in the WSJ called ‘Software is eating the world', arguing that there was a fundamental shift in the role that software plays in the economy. Now, there's a generation of companies that both create software and use it themselves to enter another industry, and often to change it.
Full call transcripts — prepared remarks + analyst Q&A — with speaker-by-speaker formatting and one-click switching across every quarter on file.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.