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GTEK: Mega-Caps' Absence A Dealbreaker For This Beleaguered ETF In The Short Term
GTEK's initial performance was poor, losing over 45% in its first year due to bearish investor sentiment and market conditions. The ETF's strategy of excluding mega-cap tech stocks led to underperformance, despite its aim to capitalize on emerging tech leaders. GTEK rebounded, gaining nearly 80% since October 2022, driven by sectoral shifts and a resilient U.S. economy.
Seekingalpha | 1 year ago
