Must-Know ETFs For The iPhone 5 Launch

By
Devon Layne
September 11, 2012
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Some are projecting Apple’s share price to hit $800 in the near future, and with the newest edition of the iPhone on the way, investors are looking for more ways than ever to access the tech giant’s market value, according to an article listed on Benzinga.

The following ETFs carry heavy allocation to Apple, allowing investors to benefit from the iPhone maker’s growth by providing a cheap alternative to owning the company’s stock directly:

  • iShares Dow Jones U.S. Technology Sector Index Fund (NYSEArca: IYW)
  • Global X Nasdaq 500 ETF (NasdaqGM: QQQV)
  • Direxion Daily Semiconductor Bear 3X Shares (NYSEArca: SOXS)
  • Guggenheim Russell Top 50 ETF (NYSEArca: XLG)

 

To read more, head over to Benzinga.com.

ETF DAILY DATA

Investors plowed money into currency-hedged equity funds like ‘HEDJ’ and ‘DBEF’ on Wednesday, March 4, while yanking assets out of sundry bond funds, such as ‘HYG.’ Total U.S.-listed ETF assets dropped to $2.084 trillion as a market pullback offset net inflows.

Sizable outflows from various iShares bond funds paced that firm’s outflows on Wednesday, March 4. Total U.S.-listed ETF assets ended the day at $2.084 trillion.

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