Tech ETF Soars Over 25% This Year: Could It Keep Climbing?

Worried About the Markets? This Tech ETF is Up Over 20%

Investors seeking a way to diversify their portfolios and potentially ride the wave of technological advancements may want to consider the First Trust Dow Jones Internet Index Fund (FDN). This exchange-traded fund (ETF) has been a standout performer in recent months, with a year-to-date return of over 20%.

The First Trust Dow Jones Internet Index Fund tracks the Dow Jones Internet Composite Index, which is comprised of companies that are leaders in the internet and technology sectors. This includes giants like Amazon, Alphabet (Google), Facebook, and Microsoft, as well as smaller, more specialized companies.

FDN's impressive performance can be attributed to the continued growth of the tech sector, which has been fueled by the COVID-19 pandemic. As more people turn to online shopping, streaming services, and remote work, the demand for technology and internet-based services has surged.

Some of the top holdings in FDN's portfolio include:

• Amazon.com (AMZN) - 13.4%
• Microsoft Corporation (MSFT) - 9.5%
• Alphabet Inc. (GOOGL) - 8.4%
• Facebook, Inc. (FB) - 6.4%
• Salesforce.com, Inc. (CRM) - 5.4%

Investors looking to gain exposure to the tech sector without having to individualize pick stocks may find FDN to be an attractive option. With its diversified portfolio and impressive returns, this ETF is definitely worth considering for those looking to ride the wave of technological advancements.