Over the past decade, the stock market has been dominated by the tech sector, and it honestly hasn’t been close. Now, nine of the world’s 10 most valuable public companies are tech companies, all with a market capitalization above $1.5 trillion (as of May 14).
Many people made a lot of money investing in tech stocks over the years, but there are still plenty of growth opportunities ahead for the sector. Instead of trying to pick the “winners,” one of the best ways to benefit is by investing in a tech exchange-traded fund (ETF).
There are no shortages to choose from, but a good go-to is the Invesco Nasdaq 100 ETF (QQQM 1.51%). Here’s why.
Image source: Getty Images.
A de facto tech ETF
QQQM mirrors the Nasdaq-100, which tracks the 100 largest non-financial companies trading on the Nasdaq stock exchange. Although it’s not a pure-play tech ETF where every stock is a tech stock, the…
