FYI: In 2015, few investors had heard of companies like Atlassian, Veeva Systems and Twilio. Yet these firms went on to post stunning growth rates as they built ground-breaking new platforms that disrupted once-staid industries. And their shares have surged three or fourfold since then, creating tens of billions in shareholder value.
Trouble is, you won’t find firms like these in some of the major tech-focused exchange-traded funds that own outsized positions in mega-cap tech stocks like Microsoft, Apple and Cisco Systems. And that’s created an opening for other ETF sponsors to launch much more targeted funds that can profit from the upstarts that are driving today’s key tech trends.
Regards,
Ted
https://www.fa-mag.com/news/tech-focused-thematic-etfs-launching-at-rapid-pace-45587.html?print
