iShares Global Tech ETF focuses primarily on Big Tech, with Apple and Microsoft constituting 42% of the entire fund's portfolio, and has shown strong performance throughout 2023. The fund's heavy focus on semiconductors could benefit from incorporating more Asian semiconductor companies, particularly from South Korea, Japan, and China, to capitalize on the thriving industry in these countries. Microsoft's investment in AI, specifically in OpenAI's ChatGPT, positions the company at the forefront of AI innovation and provides a significant competitive advantage in the tech industry.
IXN: Upside In Microsoft And Apple Drive This Fund's Growth