What does SPDR® FactSet Innovative Technology ETF do?
The SPDR® FactSet Innovative Technology ETF (NYSE:XITK) specializes in investing in the global technology sector, focusing on industries that stand on the cutting edge of innovation such as software and services, hardware, and technology equipment. The ETF aims to track the performance of the FactSet Innovative Technology Index, which represents companies showing high growth potential in the tech space. XITK seeks to provide investors with exposure to both established and emerging tech companies, diversifying investments across geographies and market sub-sectors. Through careful selection and strategic investments in high-growth tech firms, this ETF aims to offer shareholders the opportunity to capitalize on technological advancements and the evolving digital landscape.