Wednesday, January 17, 2018

7 ETFs That Let You Invest in the Hottest New Technology

8:56 AM    
The sector has been investors’ darling

over the past couple of years given that the expanding economy and solid job prospects provide a nice boost to the economically sensitive growth sectors like technology that typically perform well in a maturing economic cycle.
Additionally, the emergence of cutting-edge technology such as cloud computing, big data, Internet of Things, wearables, VR headsets, drones, virtual reality, and artificial intelligence (AI) as well as strong corporate earnings are acting as the key catalysts.
Further, the twin tailwinds of Trump’s tax reform plan and a rising interest rate scenario are driving the stocks higher. This is because tech titans hoard huge cash overseas and are poised to benefit the most from the reduced tax rates. In fact, the top five U.S. hoarders are Apple Inc.(NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Alphabet Inc (NASDAQ:GOOGL), Cisco Systems, Inc. (NASDAQ:CSCO), and Oracle Corporation (NYSE:ORCL) that hold 88% of their money overseas, according to Moody’s.