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Couple other things about this etf/the fund company in general: 1)I think this was the first fund/etf to own bitcoin. I think they began buying in 2015. The bitcoin helped it to return better than 80% last year. Bitcoin however is less than 1% of the fund currently. It made it to close to 10% various times last year. 2)It is not simply a tech fund but instead a tech/biotech etf. The biotech is the reason why its performance in 2015 and 2016 was not so hot. Biotech crashed in 2015 and didnt really come back fully until end of 2016 beginning of 2017. 3) The .75% ER is around average for actively managed etfs. 4)It is definitely not the place to be if a large market correction is in the offing.
Comments
1)I think this was the first fund/etf to own bitcoin. I think they began buying in 2015. The bitcoin helped it to return better than 80% last year. Bitcoin however is less than 1% of the fund currently. It made it to close to 10% various times last year.
2)It is not simply a tech fund but instead a tech/biotech etf. The biotech is the reason why its performance in 2015 and 2016 was not so hot. Biotech crashed in 2015 and didnt really come back fully until end of 2016 beginning of 2017.
3) The .75% ER is around average for actively managed etfs.
4)It is definitely not the place to be if a large market correction is in the offing.