Saturday, March 28, 2009

Semiconductors conducting

Tech stocks have delivered for investors in the recent rally (if we can call it that). Notable in this group are semiconductor stocks. The Philadelphia Semiconductor Index (SOXX) has outperformed the S&P 500 by 27% year-to-date. Comparatively, the broader sector index – the S&P Technology Index – has outpaced the S&P 500 by 15%. Among the better achieving exchange traded funds (ETF) in this space are the Proshares Ultra Semiconductor Fund (NYSE:USD) and the SPDR Semiconductor Fund (NYSE:XSD) and the iShares N.A. Semiconductor Fund (NYSE:IGW) – all besting the broad market by over 30% YTD. Lagging the performance of these ETFs is the HOLDRs Semiconductor Fund (NYSE:SMH) and the Powershares Dynamic Semiconductor Fund (NYSE:PSI). Investors can compare the trend and momentum of these exchange traded funds in the weekly Stock Trends Online listings.

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