Meet the BlackRock ETF with 39.2% of its portfolio invested in Broadcom, Nvidia, Amazon and Microsoft

On By Littum

is the world’s largest asset manager with $11.5 trillion in client money under its supervision. About $3.3 trillion of that is in exchange-traded funds (ETFs) run by the company’s iShares subsidiary.

Investors can passively own hundreds or even thousands of stocks by buying just a handful of different ETFs. They can be particularly useful when investors want exposure to a new industry like artificial intelligence (AI), because it’s challenging to determine which individual stocks might be the long-term winners and losers. As the late Vanguard founder John C. Bogle once said, “Don’t look for the needle in the haystack, just buy the haystack!”

iShares currently offers more than 1,400 different ETFs. One of them is iShares US Tech Independence Focused ETF (NYSEMKT: IETC)and more than a third of its portfolio (by value) is invested in four AI leaders.

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Source Fool.com