iShares Expanded Tech Sector ETF (IGM): Leveraging AI Growth The iShares Expanded Tech Sector ETF (IGM) is a strategic vehicle for gaining exposure to the burgeoning Artificial Intelligence (AI) sector.
Investment Thesis:
* The artificial intelligence revolution is driving significant growth across numerous industries.
* Identifying individual AI winners
Key stats
About iShares Expanded Tech Sector ETF
Home page
Inception date
Mar 13, 2001
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
BlackRock Fund Advisors
Distributor
BlackRock Investments LLC
IGM offers a broad coverage of the North American technology sector. Aside from conventional technology stocks, the fund also includes tech-related stocks from other sectorsspecifically internet retail companies. While IGM is a North American fund, nearly all its assets are allocated to the US. Seeking to provide a diversified exposure to the tech industry, its market-cap-weighted index caps each security's weight at 8.5%. The index is reconstituted semi-annually and rebalanced quarterly. Prior to December 24, 2018, the fund was tracking the S&P North American Technology Index. The change in index was due to a new Communications Services sector developed at the end of 2018.
Classification
What's in the fund
Exposure type
Technology Services
Electronic Technology
Stock breakdown by region
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Summarizing what the indicators are suggesting.
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Neutral
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
SellBuy
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Displays a symbol's price movements over previous years to identify recurring trends.