3 Tech Upgrades for Your Portfolio

These ETFs can help you get into the hottest megatrends

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First Trust NASDAQ CEA Smartphone Index Fund

FirstTrust185 3 Tech Upgrades for Your PortfolioWhen Yahoo (YHOO) reported its earnings this week, CEO Marissa Mayer made it clear that mobile was the future. Of course, many other tech leaders — from companies like Microsoft, Facebook, eBay and Zynga — have stressed the same thing.

This year alone the number of mobile devices has exceeded the global population, which is roughly 7 billion.

Of course, there is an ETF for the mobile megatrend, too: the First Trust NASDAQ CEA Smartphone Index Fund (FONE), which is based on a proprietary index that has 60-plus stocks. To be included, a company must be classified as a “smartphone operator” according to the Consumer Electronics Association. Some of the top holdings include Foxconn and Sony (SNE), and the fund also holds other well-known names like Nokia (NOK), BlackBerry (BBRY) and Samsung (SSNLF).

Total return on this ETF was an impressive 36% in the past year, which includes a dividend yield of nearly 1.2% thanks to a focus on blue-chip tech stocks. The fund also is the most expensives of these three, however, at 0.7% in fees.

Tom Taulli runs the InvestorPlace blog IPO Playbook. He is also the author of High-Profit IPO StrategiesAll About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.


Article printed from InvestorPlace Media, http://investorplace.com/2013/07/3-etf-to-give-your-portfolio-a-tech-upgrade/.

©2014 InvestorPlace Media, LLC

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