IXN: Global Tech Stocks Broke Out Again, Reiterate Buy
I reiterate my buy rating on IXN, as the ETF continues to outperform the S&P 500 and hit new all-time highs. IXN's technical breakout above $90 signals further upside, with a measured move price target of $114 by year-end. While valuation is less attractive than in early 2024, strong momentum, mega-cap leadership, and global diversification support the bullish thesis.
IXN: Big Tech Is Still Worth Holding Long Term
iShares Global Tech ETF is rated a hold due to strong long-term growth potential despite volatility and uncertainty from tariff policies. IXN's top holdings, Apple, Microsoft, and Nvidia, are mitigating tariff impacts through diversification and strategic actions, positioning each company for solid long-term returns. IXN has lagged behind competitors like QQQ, VGT, and XLK in 10-year average annual returns, and its higher expense ratio is a notable downside.
IXN: Offers Concentrated Growth That's Comparable To The Nasdaq 100
IXN offers global tech exposure, focusing on electronics, software, hardware, and international tech firms, but has underperformed its benchmark by ~20-30bps. Heavy semiconductor exposure (40.56%) and top holdings in Apple (19.21%) and Microsoft (17.34%) drive significant growth, closely tracking the Nasdaq 100. IXN comes with higher cost (41bps) compared to passive index funds like QQQM, which offers more diversification and less concentration in Apple and Nvidia.
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IXN: A Global Tech Stock Fund Flirting With Over-Valuation
iShares Global Tech ETF offers global exposure to tech stocks but lacks Alphabet and Meta due to classification issues. IXN's valuation suggests it is between fair value and modestly overvalued, with a potential multi-year IRR of 8-12%. Apple, IXN's largest holding, may limit IRR potential due to possible downside or sideways trading.
IXN: A Global Fund Concentrated In U.S. Tech
iShares Global Tech ETF offers targeted access to technology stocks from around the world. Despite having some global stocks, it is virtually indistinguishable from the US-focused Technology Select Sector SPDR® Fund ETF. It has an 80% concentration in US stocks and a 46% weighting in Microsoft, Nvidia and Apple.
