ETF Daily News
Are ETFs A Good Way To Join Apple-Mania?
March 23, 2012
Apple’s stock is on an upward tear and showing no signs of slowing down, and with the company selling for over $600 a share, investors are wondering whether ETFs may be a good way to get a piece of the action, according to an article on CNBC.
While an ETF with Apple as one of its constituents won’t move as quickly upward as Apple stock itself, the price of ETFs with exposure to Apple range from $30 to $80 a share and are still up 20 percent so far this year. That compares with a 48 percent gain for Apple in the same period, the article says.
The top five ETFs with the most exposure to Apple include:
The CNBC article quoted Matt Hougan, president of ETF Analytics at IndexUniverse, saying that investors seeking to invest in the mobile device and technology “renaissance” are better off with ETFs. But if investors are looking to cash in on Apple’s specific creativity or brand, owning the stock is probably the better option, the article quoted Hougan as saying.
Head over to CNBC.com for the full story.