Beyond AI: How Global Tech Firms are Fueling the S&P 500 and Why Investors Should Consider a Diversified ETF like OGIG

In recent years, concerns about a possible recession due to high interest rates have been prevalent. However, tech companies, particularly those in the artificial intelligence sector, have shown resilience. The S&P 500 has benefited significantly from the success of these firms. Internet companies worldwide present appealing opportunities for investors, making a global tech ETF like OGIG a valuable asset.

OGIG is an ALPS O’Shares Global Internet Giants ETF launched in 2018 that charges a 48 basis point fee for its unique approach to global tech investing. By tracking the O’Shares Global Internet Giants Index, which focuses on internet-related companies with growth and quality attributes, OGIG offers investors access to an array of global tech firms under one umbrella.

Over the past year, OGIG has provided investors with a return of 33.4%, according to data from SS&C ALPS Advisors. Its holdings include companies like MercadoLibre and Meituan from South America and China respectively, as well as established tech giants like Microsoft and Shopify. This diversity makes it an appealing choice for U.S. investors seeking tech exposure in their portfolios.

OGIG’s price trending above its 50-day simple moving average indicates strong momentum and a promising outlook for investors interested in the tech sector. With its diverse holdings and track record of success, this global perspective ETF is a compelling option for those looking to bolster their tech holdings with a new outlook.

In conclusion, despite concerns about the economic downturn due to high interest rates, U.S., and global tech companies continue to show resilience, especially in AI sector. The S&P 500 has benefited significantly from their successes beyond AI realm too.
The internet companies worldwide provide exciting investment opportunities for investors who want to diversify their portfolio globally through ETFs like OGIG that tracks the O’Shares Global Internet Giants Index providing access to growth-oriented internet-related companies from different regions around the world at one place at affordable cost with less fees than mutual funds