Here's an easy way to expand your AI investment exposure
The Defiance Connective Technologies ETF (SIXG) has returned 29.4% in 2024, driven by demand for AI, energy, and infrastructure. The fund invests in companies involved with 5G networks, 6G development, and data-transmission technology, including semiconductor manufacturers and satellite communications companies.
The Defiance Connective Technologies ETF (SIXG) has seen significant returns in 2024, with a 29.4% gain. The fund tracks the BlueStar Connective Technologies Index, which includes companies involved in 5G networks, 6G development, and data-transmission technology. SIXG holds 60 stocks, including semiconductor manufacturers and companies involved in satellite communications. The fund's underlying index is weighted by market capitalization, with caps on individual stock holdings. Sylvia Jablonski, chief investment officer at Defiance ETFs, credits AI for the fund's strong performance. The fund's portfolio has a weighted forward price/earnings ratio of 24, relatively low compared to the S&P 500.
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