These ETFs could help investors reduce Big Tech exposure
Publishing timestamp: 2024-02-03 11:00:01
Summary
3) The article discusses how the market dominance of Big Tech companies may lead investors to consider equal-weight exchange-traded funds (ETFs). Investors are concerned about the concentration of money in a few stocks within broader ETFs tied to the S&P 500 or Nasdaq 100. The article suggests that investors can reduce their exposure to the "Magnificent Seven" (referring to the Big Tech companies) by investing in equal-weight ETFs. The article also mentions that flows into the Big Tech group have been sluggish this year, while other market groups like financials and parts of real estate are gaining interest. The CNBC Magnificent 7 Index, which includes the mentioned Big Tech companies, has performed well in the past year.
Sentiment: NEUTRAL
Tickers: GOOGL, AAPL, MSFT, .SPX, AMZN, META, RYT, XLF, .NDX, NVDA, VNQ, TSLA, .RUT, RSP,
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