With the Nasdaq Composite down nearly 1 percent, perhaps this is not the time to be talking technology ETFs. Then again, it might be a good time to start evaluating technology exchange traded funds that merit buy-on-the-dip consideration.
The SPDR Morgan Stanley Technology ETF (NYSE: MTK) is an ETF to consider. Often overlooked relative to more prosaic technology ETFs, such as the Technology Select Sector SPDR (NYSE: XLK) and the PowerShares QQQ (NASDAQ: QQQ), MTK is by no means small. MTK, which celebrates its 15th anniversary in September, has quietly amassed $430.5 million in assets under management.
What makes that total truly impressive is that at a time when investors are selling out of traditional tech ETFs, MTK has added over $182 million in new assets this year. ...
/www.benzinga.com/trading-ideas/long-ideas/15/07/5706630/a-hidden-gem-among-technology-etfs alt=A Hidden Gem Among Technology ETFs>Full story available on Benzinga.com
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