I'd like to ask where could I find a list of constituents of the S&P/ASX200 Information Technology XIJ index.
There is a link on S&P website (http://www2.standardandpoors.com/po...x200/2,3,1,0,45,9,2,2008,0,2,3,0,0,0,0,0.html) which lists 2 companies included into S&P/ASX200 from the Inf.Tech. sector. Does it mean that S&P/ASX200 Information Technology index consists only of two companies?
'Market Matters' likes prospects of local tech if you can pick the right ones. They suggest a few.
Is it time to tweak tech exposure as volatility lifts?
Yesterday saw weakness in Wisetech (WTC) drag the local tech sector down ~3%, but it still remains the standout performer of 2024, surging 39% compared to the materials sector, which has fallen 9.4%. Gains have been relatively broad-based, with only Megaport (MP1) and Data#3 Ltd (DTL) & Audinate (AD8) down year-to-date. We may not have the glamourous big tech names of the US, such as the Magnificent Seven, but it may surprise many to know the NASDAQ is only up 21% in 2024, i.e. ASX tech is outperforming the US.
We are bullish towards the local tech sector, but prudent stock selection will remain pivotal to portfolio returns.
MM believes the coming year 2025 will deliver some performance reversion
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ASX200 Sector Performance in 2024 – Source Bloomberg