About QTEC ETF
ETF Name: First Trust Technology ETF (QTEC)
Sector: QTEC has invested 100% of its assets in Technology.
Geography: QTEC has invested 100% of its assets in the US.
Fund Manager Name: First Trust Advisors
ETF Description: QTEC offers exposure to the tech sector: It equally-weights large-cap tech stocks that happen to be listed on NASDAQ and that is its main selling point, which drastically drops Apple's huge market footprint.
What ETFdb says about it: This ETF offers 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. The fund trades heavily each day and spreads are generally small, while underlying liquidity is excellent. It has high costs, but its huge asset base and tax efficiency overlooks the 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 1991, First Trust Advisors manages over $822M in assets. It is a privately owned investment manager and is based in Wheaton, Illinois with an additional office in Austin, Texas.
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