XITK Profile
The SPDR FactSet Innovative Technology ETF is designed to track the performance of the FactSet Innovative Technology Index, which focuses on U.S.-listed technology and technology-related companies. This index targets firms within the most innovative segments of the technology sector and the electronic media sub-sector of the media industry, as identified by FactSet Research Systems, Inc. The ETF aims to provide investors with exposure to cutting-edge companies that are at the forefront of technological advancement and media innovation.
The fund's investment strategy involves allocating at least 80% of its total assets to securities that make up the FactSet Innovative Technology Index. This approach ensures that the ETF closely mirrors the performance of the index, which includes a diverse range of technology and media companies with a strong emphasis on innovation. By focusing on these high-growth areas, the ETF seeks to capture the potential upside of emerging trends and technologies that are shaping the future of these industries.
Companies included in the index span various technology domains, such as software, hardware, and electronic media. These companies are characterized by their commitment to innovation, research and development, and technological advancement. The ETF provides investors with a concentrated exposure to this dynamic segment of the market, allowing them to benefit from the growth of companies that are driving technological progress and digital transformation.
In addition to its focus on innovation, the SPDR FactSet Innovative Technology ETF also provides investors with an opportunity to gain targeted exposure to a specific segment of the technology and media sectors. The ETF’s strategy involves selecting companies that demonstrate significant potential for growth and technological leadership. By investing in this fund, investors can access a portfolio of high-growth technology and media companies that are positioned to capitalize on emerging trends and advancements in their respective fields.
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