FYI: Technology is a bright spot for the market, unless you’re a foreign-focused exchange-traded fund.
The Technology Select Sector SDPR Fund (XLK) is up 12.5 percent on the year, handily beating the 4.6 percent return on the SDPR S&P 500 Trust (SPY). But XLK has nothing on the three U.S. internet-focused ETFs. The SPDR S&P Internet ETF (XWEB) is up 33 percent year-to-date, the First Trust Dow Jones Internet Index Fund (FDN) is up 30.3 percent and the Invesco NASDAQ Internet ETF (PNQI) has gained 23.8 percen
Regards,
Ted
https://www.fa-mag.com/news/not-all-internet-focused-etfs-are-created-equal-39720.html?print
