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Opinions Terry Shaunessy
iShares North American Tech-Software ETFIGVDON'T BUYSep 21, 2018
Terry ShaunessyStock price when the opinion was issued
As of Jun 12, 2026. Market Open.
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There's some disruption definitely coming, and right now the market's debating what that means. This ETF is a basket of all the software players, from MSFT down to smaller ones. On the chart, you can see the dramatic move down in the last few months -- we're back to the peak of Covid and the April 2025 time of maximum tariff fear.
If you didn't get in and out at the right time, you'd have made no money. With every investment, timing is important. He likes this ETF a lot more down here than he did back at the highs. If AI is massively disruptive (and only the next 2-3 years will tell), he realizes that we could get back to the lows around $50. But if you're not in software, it's looking really interesting here.
Karen FinermanA great name. He likes their migration to a subscription basis. It has good pricing power and he personally uses their products all the time. They are the defacto standard. A little rich at today's value though. He would also consider the ETF IGV-A to help diversify some of the risk in the space.
Cameron Hurst
Kim BoltonJuly 31-Nov.8 is seasonality. It's outperformed the market by 4.2% in this period. It's trending higher and consistently. Software stocks are the new defensive stocks because they're adopting the subscription model, like Microsoft.
Jon VialouxJon Vialoux
An older ETF. It’s software, high growth, high margin business. Tremendous run this year up 25-30% YTD. Not wise after this move to be going in so specifically. If you want tech in the US you should look at ETF not so specific to software, an equally weighted tech ETF would be an interesting thing to look at such as RYT that Invesco has in the US. He tends to avoid IGV. Nothing wrong with this, but it’s a bit late. Not enough unknowns in these companies that will cause them to outperform going forward. You might want to buy a stock specifically rather than a group of others stocks that are pretty mature companies.