SPDR S&P U.S. Technology Select Sector

ETF description

This ETF is designed to invest in a variety of companies within the technology sector of the U.S. stock market. It aims to track the performance of leading technology firms, including those involved in software, hardware, cybersecurity, and internet services. By investing in this ETF, individuals can gain exposure to a diversified group of technology companies that are often at the forefront of innovation and development.

Investors who are interested in the rapidly evolving tech industry may find this ETF appealing, particularly those who want to participate in the growth of companies that are shaping the future through digital solutions and technological advancements. The ETF includes both large, established companies and smaller, emerging firms, which helps to spread investment risk.

Issuer details

SPDR ETFs (Standard & Poor’s Depositary Receipts), managed by State Street Global Advisors, are among the largest and most recognized ETFs in the world, with over $1 trillion in assets under management as of June 2024. SPDR offers a broad range of ETFs covering various market segments, including equities, fixed income, sector‑specific funds, commodities, and ESG (Environmental, Social, Governance) investments. Launched in 1993 with the SPDR S&P 500 ETF (SPY), the first ever ETF, SPDR ETFs are known for their strong emphasis on liquidity, transparency, and robust research and analysis. Notable ETFs in their lineup include the SPDR S&P 500 ETF (SPY), SPDR Gold Shares (GLD), and SPDR Bloomberg Barclays High Yield Bond ETF (JNK), reflecting SPDR’s commitment to providing diverse and high‑quality investment options to meet the needs of various investors.

Index details

The index measures the performance of U.S. equities that are classified as falling within the Technology sector, as per the Global Industry Classification Standard (GICS). The GICS is a widely accepted industry analysis framework, jointly developed and maintained by MSCI and Standard & Poor’s. Securities are weighted by market capitalisation.