Published on 27 Jun 2022 on Zacks via Yahoo Finance
Should You Invest in the First Trust NASDAQ100Technology Sector ETF (QTEC)?
Designed to provide broad exposure to the Technology - Broad segment of the equity market, the First Trust NASDAQ100Technology Sector ETF (QTEC) is a passively managed exchange traded fund launched on 04/19/2006.
Retail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.
Additionally, sector ETFs offer convenient ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.