DXYZ, ARKW, IHAK: 3 Hot Tech Funds for Your Summer Watchlist

From Nasdaq: 2024-04-25 06:35:00

The technology sector remains volatile in the second quarter, offering investors opportunities to buy at better prices. Despite market fluctuations, it’s crucial to avoid emotional investment decisions. Tuesday’s market rebound highlights the importance of staying invested. Consider ETFs like Destiny Tech100 (DXYZ) for exposure to innovative private companies, although paying a premium may not be wise.

Ark Next Generation Internet ETF (ARKW) managed by Cathie Wood, offers a less speculative option than DXYZ. With a focus on high-tech growth stocks, ARKW has seen a significant recovery since 2021. Despite investor withdrawals from Ark Invest funds, ARKW remains compelling for those seeking disruptive growth opportunities at reasonable prices.

For thematic investing focused on cybersecurity, consider iShares Cybersecurity and Tech ETF (IHAK). With increasing global cyber threats, cybersecurity measures are crucial, even for large companies like Microsoft. The rise of AI amplifies the severity of cyber breaches, making investments in cybersecurity ETFs like IHAK potentially rewarding in the long term.

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