 iShares
North American Tech-Multimedia Networking ETF is an exchange-traded
fund (ETF) that seeks to track the investment results of an index
composed of US and Canadian companies involved in the development,
manufacturing, and distribution of networking equipment and services
for multimedia communication. The ETF is managed by BlackRock Fund
Advisors and was first launched in July 2006.
Expense Ratio:
The expense ratio for iShares North American Tech-Multimedia
Networking ETF is 0.46%, which is considered moderately low for a
technology ETF.
The ETF provides exposure to a diversified
portfolio of US and Canadian companies involved in the development,
manufacturing, and distribution of networking equipment and services
for multimedia communication. This includes companies involved in
video conferencing, voice-over-IP (VoIP), and other multimedia
services. The ETF invests in a range of large-cap and mid-cap
companies, with the aim of providing investors with long-term capital
appreciation.
As of March 18, 2023, the ETF had a total net
asset value (NAV) of approximately $486 million and held 33 different
stock holdings. The ETF has a relatively concentrated portfolio, with
a high weighting towards the communication services and information
technology sectors.
Overall, iShares North American
Tech-Multimedia Networking ETF may be appropriate for investors
seeking exposure to US and Canadian companies involved in the
development and distribution of networking equipment and services for
multimedia communication through a diversified portfolio. However,
investors should be aware that the ETF is focused on a relatively
narrow niche of the technology sector, and the companies included may
be subject to unique risks related to the development and distribution
of multimedia networking equipment and services. Additionally,
investors should be aware of the moderately low expense ratio of the
fund. As always, it is important to conduct thorough research and
consider your own investment objectives and risk tolerance before
making any investment decisions.
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