Top 10 AI ETFs July 2024
Top 10 Leading AI ETF’s July 2024
Summary of 10 top performing ETFs with high proportion of companies leading the AI charge such as Nvidia, Amazon, Apple, IBM and Microsoft:
1.Invesco QQQ Trust (QQQ) ★★★★★(5/5)
Why: QQQ tracks the Nasdaq-100 Index, which includes leading tech companies such as Nvidia, Amazon, Apple, and Microsoft. Its performance benefits from the strong market positions and consistent innovation of these tech giants, which drive overall growth.
2.Technology Select Sector SPDR Fund (XLK) ★★★★★(5/5)
Why: XLK focuses on the technology sector, holding significant positions in Microsoft, Apple, and Nvidia. The ETF's strong performance is due to the robust financial performance and technological advancements of these leading tech companies.
3.Vanguard Information Technology ETF (VGT) ★★★★★(5/5)
Why: VGT provides broad exposure to the information technology sector, including large holdings in Apple, Microsoft, Nvidia, and IBM. The ETF's performance is driven by the sustained growth and market leadership of these companies.
4. iShares S&P 500 IT Sector (IITU.L)★★★★★(5/5)
Why: The iShares S&P 500 Information Technology Sector UCITS ETF (IITU.L) aims to replicate the performance of the S&P 500 Information Technology Sector, investing in major U.S. tech companies like Microsoft, Apple, and NVIDIA. Offers a cost-effective way to gain exposure to the leading tech firms within the S&P 500, making it a suitable choice for growth-focused investors.
5.iShares U.S. Technology (IYW) ★★★★★(5/5)
Why: IYW targets the U.S. technology sector, with substantial positions in Apple, Microsoft, and Nvidia. Its performance benefits from the dominance and innovative capabilities of these tech giants.
6.ARK Innovation ETF (ARKK) ★★★★★(5/5)
Why: ARKK, managed by ARK Invest, focuses on disruptive innovation, including significant holdings in Nvidia, Amazon, and other AI-driven companies. Its strong performance is due to its investment in high-growth, cutting-edge technologies and companies.
7.iShares Russell 1000 Growth ETF (IWF) ★★★★☆ (4/5)
Why: IWF targets growth stocks in the Russell 1000 Index, including significant allocations to Apple, Microsoft, Amazon, and Nvidia. The ETF's strong performance is a result of the growth prospects and market leadership of these tech giants.
8.iShares Global Tech ETF (IXN) ★★★★☆ (4/5)
Why: IXN provides global exposure to the technology sector, with significant holdings in Apple, Microsoft, Nvidia, and IBM. Its performance is driven by the global reach and technological innovation of these companies.
9.iShares Russell 2000 Growth ETF (IWM) ★★★★☆ (4/5)
Why: The iShares Russell 2000 ETF (IWM) is designed to track the performance of the Russell 2000 Index, which represents the small-cap segment of the U.S. equity market. The ETF provides broad diversification with holdings in around 2,000 small-cap stocks across various sectors, including healthcare, financials, industrials, and technology, including up and coming AI firms. It is suitable for investors seeking growth opportunities and willing to accept higher market fluctuations.
10.iShares Semiconductor ETF (SOXX) ★★★★☆ (4/5)
Why: The iShares Semiconductor ETF (SOXX) is designed to track the performance of the ICE Semiconductor Index, vital component in AI’s development. It focuses on companies primarily involved in the design, distribution, manufacture, and sale of semiconductors.