I'm sure it is quite good too. I was just noting how much the US Nasdaq ETFs have become about a small group of stocks. I'm sure XIT is more diversified too. I may look at some tech sector ETFS - I think it is reasonably maybe a little over valued but not as bad as the S&P.But Jimmy what about the Canadian tech sector, what are your thoughts? It's such a small part of the TSX Composite, but has performed extremely well.
I wanted to point out performance since Belguy posted this on 2012-08-11. In fact, the Canadian tech sector has been outperforming. In the approx 7 years, annualized performance isIt's what I have in my portfolio and certainly better than XIT!!
What the heck is going on with the Canadian tech sector recently? Here's a chart of XIT in lime green against the US benchmark QQQ, in black. They track each other pretty closely until the start of this year, and then XIT starts going absolutely nuts.
I hold a couple of the major holdings (Constellation & CGI Group) in my high risk growth portfolio, but generally have little exposure otherwise.
Link to chart, and attached the image.
View attachment 19536
I think that's what's going on. The outlandishly high return of SHOP (a big weight in XIT) seems to be driving the whole move.One of their major holdings (25%) is on a real run, SHOP.
Lots of big gains.The sector fund, XIT, continues to blow away any other Canadian sector. XIT's trailing 1 year performance is +63%
XIT annualized return was 32% over the last 3 years
... and SHOP up 9% today alone. Just crazy!