GTEK: Mega-Caps' Absence A Dealbreaker For This Beleaguered ETF In The Short Term
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GTEK ETF initially struggled, losing over 45% in its first year due to bearish sentiment and market conditions. Its strategy of excluding mega-cap tech stocks led to underperformance. However, it rebounded with a nearly 80% gain since October 2022, driven by sectoral shifts and a resilient U.S. economy.
February 09, 2025 | 7:45 am
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GTEK ETF initially lost over 45% due to its exclusion of mega-cap tech stocks, but rebounded with a 80% gain since October 2022, driven by sectoral shifts and a resilient U.S. economy.
GTEK's initial strategy of excluding mega-cap tech stocks led to significant underperformance. However, the ETF has rebounded strongly, gaining 80% since October 2022, due to favorable sectoral shifts and a strong U.S. economy. This suggests a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100