FYI: The new, revamped technology sector hasn’t lost a beat. The pared-down sector, which lost some of its key constituents following changes to the Global Industry Classification Standard (GICS) last September, has been handily outperforming the broader stock market and every other sector so far in 2019.
The Technology Select Sector SPDR Fund (XLK), which tracks the tech sector within the S&P 500, is up 26.4% this year, topping the 17% gain for the broad stock market index.
The loss of heavyweights like Alphabet and Facebook to the new communication services sector didn’t dampen returns one bit.
Regards,
Ted
https://www.etf.com/sections/features-and-news/best-performing-tech-etfs?nopaging=1
