Top Performing Tech ETFs Of 2018

Most tech companies, especially the mature ones, have huge piles of cash on their balance sheets and have been returning a lot of cash to their shareholders via dividends and repurchases. These are expected to increase with tax reform as a lot of companies are repatriating their overseas cash. Also, with so much cash available to them and low leverage, tech companies will be less vulnerable to the rise in interest rates. Further, there are a number of real growth drivers for tech companies including e-commerce, cloud computing, data storage, mobile, the Internet of Things (IoT) and Artificial Intelligence (AI). Investors should note that two of these ETFs have low assets and so closure risk remains high. When as ETF closes, investors do not lose their money, but they could face undesirable tax consequences.
The tense situation in the Middle-East, following U.S. Syria and conflict in Yemen, has also pushed up oil prices. According to OPEC sources, average productionin the first half of 2018 is expected to be 1.54 million billion per day (bpd) compared with 1.77 million in the fourth quarter of last year. As oil prices are spiking, oil ETFs are also thriving. We have highlighted some funds that have been generating strong returns based on the average returns of the last four weeks (read: all the Energy ETFs here). PSCE measures performance of common stocks of US energy companies.
64 million. The fund holds 31 stocks and has gained 23% in the past four weeks. FTXN provides exposure to the oil and gas companies within the United States. The expense ratio of the fund is 0.60%. It holds 50 stocks, with Valero Energy Corp (VLO 8.04%), Philips 66 (PSX 7.81%) and Marathon Petroleum Corp (MPC 7.63%) as the top three firms. 4.7 million. The average daily volume of shares traded is 6000. FTXN has gained 16.9% based on the past four-week data.
This fund tracks investment results that match the price and yield performance of Dow Jones US Select Oil Equipment and services index. 234 million. The fund is made up of 35 stocks, with Schlumberger NV (SLB 15.19%) and Halliburton Co (HAL 10.65%) as the top two stocks. 4 (Sell) (read: 5 Best-Performing Energy ETFs & Stocks of April).
XES tracks the S&P Oil & Gas Equipment & Services Select Industry Index. The fund has an expense ratio of 0.35% and an average volume of 803,000 per day. The asset under management of XES is 389.4 million. The fund is composed of 39 stocks. Notably, none of the stocks control more than 4.12% of the basket. PXI follows the Dorsey Wright Energy Technical Leaders Index. 3 fund has returned 16.9% over the past four weeks. 1.85%) in premarket trading Wednesday. Year-to-date, USO has gained 17.07%, versus a 0.02% rise in the benchmark S&P 500 index during the same period.
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