Investing in Canadian Technology ETFs

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The 2022 bear market was particularly hard on the technology sector. As one of the 11 market sectors as defined by MCSI's Global Industry Classification Standard (GICS), tech stocks have outperformed the market over the last few years as interest rates remained low.

Innovative companies Nvidia, Tesla, Apple, Microsoft, and Alphabet punched above their weight, leading the tech sector to the top of the S&P 500 index's weightings at a 28% allocation. However, the rising interest rate, and inflationary environment of 2022 sharply reversed this trend in a manner reminiscent of the 2001 Dot-Com bubble, with stocks like Meta, Netflix, and Zoom plummeting from all-time highs.

Still, technology stocks, and in particular, technology ETFs remain a popular choice for Canadian investors seeking riskier, high-growth potential investments. Inflows remain fairly steady even despite recent market volatility. Today, I'll be profiling three Canadian ETFs that covered domestic, U.S., and global tech stocks respectively.

Disclaimer: This article is limited to the dissemination of general information pertaining to investment strategies and financial planning and does not constitute an offer to issue or sell, or a solicitation of an offer to subscribe, buy, or acquire an interest in, any securities, financial instruments or other services, nor does it constitute a financial promotion, investment advice or an inducement or incitement to participate in any product, offering or investment.