IYW Profile
The iShares U.S. Technology ETF is designed to provide investors with focused exposure to the technology sector within the U.S. equity market. The fund tracks an index developed by FTSE Russell that measures the performance of U.S. technology companies. This sector includes a wide range of industries such as software, hardware, information technology services, and technology-enabled businesses, offering a comprehensive view of the technological landscape and its impact on the broader market.
The ETF aims to invest at least 80% of its assets in the securities that make up its underlying index, as well as in investments with economic characteristics substantially similar to those of the index components. This strategy ensures that the fund's holdings closely mirror the performance and composition of the technology sector index, providing investors with precise exposure to technology-related equities. The fund’s alignment with the index allows it to capture the growth and volatility inherent in the tech sector.
The underlying index encompasses a diverse array of technology companies, from established giants in software and hardware to emerging players in new tech innovations. The technology sector is known for its rapid growth and significant impact on various aspects of the economy, including business operations, consumer behavior, and global connectivity. By investing in this index, the fund provides investors with a way to benefit from the sector's technological advancements and market opportunities.
Managed by BlackRock Fund Advisors (BFA), a leading global asset management firm, the iShares U.S. Technology ETF leverages BFA’s extensive expertise in sector-specific investments. BFA's management ensures that the fund effectively tracks its benchmark index, employing advanced portfolio management techniques and thorough market research to maintain accurate performance alignment. As a non-diversified fund, the ETF focuses exclusively on the technology sector, offering investors targeted exposure to one of the most dynamic and influential sectors in the U.S. equity market.
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