
BATS:IGV
This summary was created by AI, based on 5 opinions in the last 12 months.
Experts are showing a mix of optimism and caution regarding the iShares North American Tech-Software ETF (IGV). The ETF has recently broken above its 200-day moving average, signaling potential upward momentum in the software sector. Analysts note that despite a tough year for software stocks, there is significant value present, with some expecting potential rebounds and price targets around $100. Concerns linger about the market's reaction to ongoing disruptions, particularly with AI's transformative impact expected in the coming years. Overall, there is a belief that the software sector is currently oversold and presents an intriguing investment opportunity, especially from a long-term perspective, especially for those who may have missed better timing in the past.
Video game companies? When video game companies found the advantage to after sales revenues, he got interested. Gaming is a growth industry now. Now that membership revenues have been introduced, it has made earnings less predictable. This is a structural change in the industry, which will create some investor anxiety. He would prefer IGV -A as an ETF basket of gaming companies for now.
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.
A tech ETF for an RRSP? There are three. SOXX for semi-conductors, the ammunition which drives tech around the world. IGV is a great way to get diversification in software. FDN is the internet index is extremely liquid and massive. These ETFs cover the three pillars that drive tech today. He uses these ETFs to offset volatility. When an ETF approach 5-7% of his price target, he sells a third off. Holding single stocks isn't as nimble. For example, he sold a lot of these ETFs in early-spring, then bought them back in the May swoon.