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IGV ETF's Performance Driven by Concentrated Gains, CDNS Shows Potential Despite Underperformance
The iShares Expanded Tech-Software Sector ETF (IGV) is up 30% year-to-date, but this is largely due to nine top holdings' substantial gains, while around 60% of its holdings underperformed; Cadence Design Systems (CDNS), for example, is only up 13% YTD, presenting a bullish inverse head-and-shoulder...
IGV ETF's Performance Driven by Concentrated Gains, CDNS Shows Potential Despite Underperformance
The iShares Expanded Tech-Software Sector ETF (IGV) is up 30% year-to-date, but this is largely due to nine top holdings' substantial gains, while around 60% of its holdings underperformed; Cadence Design Systems (CDNS), for example, is only up 13% YTD, presenting a bullish inverse head-and-shoulder...
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