3 ms·
Aren't there any broad non-tech index funds?
by stcredzero 9y ago
Aren't there any broad non-tech index funds?
- jameslk 9y agoVDC tracks consumer staples, which doesn't include any of the major tech companies.
- yellowstuff 9y agoLooks like Pro Shares has S&P 500 ex Tech: http://www.proshares.com/funds/spxt.html http://www.proshares.com/funds/spxt.html
- hendzen 9y agoADV of 311 shares according to Yahoo. Do not buy.
- lykr0n 9y agoVanguard has a lot of sector specific funds, such as VPU, VNQ, VAW, VIS, VDE, and others. But a lot of the funds track by Market Cap or are Bonds
- hendzen 9y ago$SPXT (SPY-ex tech sector) would qualify, but it has almost no volume, so I would recommend against trading it. You could construct something roughly equivalent by going long x shares $SPY and then going short ~0.238 * x shares of $XLK.
- jameslk 9y agoI don't think shorting would be a very good strategy for passive, long term investors due to the associated costs (margin, dividend payments) and the unlimited risk.
- hendzen 9y agoThere isn't unlimited risk because the exposure to tech is hedged out by the opposing long/short positions (as are the dividend payments). Agreed that this isn't practical for the average investor though.
- AnimalMuppet 9y agoThere are index funds that track the Russell 2000. This is a smaller-cap index. I suspect that it has some tech in it, but I also suspect that it is less tech-heavy than the S&P 500.