John DeGoey
iShares Global Tech
IXN-N
COMMENT
Jul 07, 2014
This is good news - bad news. The caveat is, do you really need it in US$’s? If you do, then that is fine. He likes that it is global, but he doesn’t like individual sectors, and doesn’t believe in investing in a sector basis. If you are bullish on technology, then this is fine.
(Could not find symbol in Globe Investor. Bill.) IShares Global Technology. Technology in general has the best long-term growth prospects at 13% per annum growth. Attractive on valuations and has been getting excellent earnings. Lots of cash to take advantage of smaller opportunities.
Looking at where the exposure is at, 80% is in the US. There are some in China and there isn't more than 10 names that are in Europe. You want to buy the dips.
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This is good news - bad news. The caveat is, do you really need it in US$’s? If you do, then that is fine. He likes that it is global, but he doesn’t like individual sectors, and doesn’t believe in investing in a sector basis. If you are bullish on technology, then this is fine.