About IGM ETF
ETF Name: BlackRock Technology ETF (IGM)
Sector: IGM has invested 100% of its assets in Technology.
Geography: IGM has invested 100% of its assets in the US.
Fund Manager Name: BlackRock
ETF Description: IGM provides exposure to the North American software industry. It caps individual securities' weights at 8.5% to provide more diversified exposure. IGV underweights tech giants like Microsoft and overweights smaller, more growth-oriented software companies, and diversifies into closely related sectors such as IT services and counselling.
What ETFdb says about it: This ETF offers low cost exposure to the U.S. tech sector, making it one of many options available to investors seeking to access an industry that is capable of remarkable rallies and steep declines over short periods of time.
Why is that Kristal there: A complete pool of 2100+ ETFs are screened on various qualitative and quantitative parameters to evaluate efficiency, tradability and fit. The metrics used were alpha, beta and R-Squared with respect to the segment benchmark and ETF specific metrics such as expense ratio, drawdown, volatility and the overall rating. We evaluate all ETFs and assign a composite score based on our analysis and then select the top ones in a category based on that comprehensive score by the inhouse research / quant analysts team. IGM is liquid and easy to trade, with reasonable spreads and good block liquidity. Good tracking and low fee helps with holding costs. The strategy is rebalanced on a quarterly basis with the rebalancing mechanism being determined by an algorithm that takes into account the overall performance of the strategy so far.
Fund Manager Description: Founded in 1988, Blackrock is the largest asset manager in the world managing $6.28T. BlackRock operates globally with 70 offices in 30 countries and clients in 100 countries. Due to its power and the sheer size and scope of its financial assets and activities, BlackRock has been called the world's largest shadow bank.
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