A Standout Tech ETF

As exchange-traded funds grow in popularity, the providers face a big obstacle when they're issuing new ETFs: making sure the new ETFs actually offer something new.

For instance, big-cap tech has many broad-based ETFs, and they almost all have very similar holdings. In fact, Microsoft and Intel are the largest holdings of every broad-based tech ETF except for one, the streetTracks Morgan Stanley Technology ETF, which is benchmarked to the Morgan Stanley Technology Index (MSH).

Furthermore, all of the other broad-based tech ETFs are mega-cap focused, with very large weightings in IBM, Cisco and Dell, in addition to Microsoft and Intel.

• Tech Sector SPDR MSFT 12.23% INTC 7.26%

• iShares Dow Jones Tech MSFT 12.94% INTC 7.96%

• iShares Goldman Tech MSFT 8.29% INTC 6.95%

• iShares S+P Global Tech MSFT 10.13% INTC 6.41%

• Vanguard Tech VIPERS MSFT 11.89% INTC 7.93%

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