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Bored of Big Tech Names? 5 Future Tech ETF Plays for You

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23.09.2021

FAANG stocks — Facebook Inc. FB, Apple Inc. AAPL, Amazon.com Inc. AMZN, Netflix Inc. (NFLX) and Alphabet Inc.’s (GOOG, GOOGL) Google — along with Microsoft Corp. MSFT and Tesla Inc. TSLA take about 25% of the S&P 500. Many are now of the view that these seven behemoths are responsible for the broader market’s hop and drop. These cash-rich companies have swelled in their market capitalization in recent years.

But the trend is probably shifting. Goldman Sachs believes people are over invested in big-cap tech names. "We noticed there was a growing disconnect between where investors are positioned and where we are seeing the most attractive returns over the next decade or so," said Sung Cho, the portfolio manager of the Goldman Sachs Future Tech Leaders ETF, on Yahoo Finance Live.

"For the last 20 years, it has been focused in the U.S. and in mega cap tech companies. We believe we are at a key inflection point where innovation is expanding beyond the U.S., as well as beyond the market cap spectrum," according to Cho, as quoted on Yahoo Finance.

And why not? Disruptive technologies are booming, especially with more dependence on technology amid coronavirus-led social distancing. Our dependence on areas like AI, robotics, autonomous vehicles, computer perception, and virtual........

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