The World Information Technology ETF market showed a remarkable 2.84% performance on May 26, 2023, with its market cap of 5 Bn EUR, encompassing 13 ETFs. This performance highlighted the overall market movement, led by several ETFs and driven mainly by the exemplary performance of semiconductor companies.
Amundi S&P Global Information Technology ESG UCITS ETF (WELU) and iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS) were among the return providers, with daily returns of 2.79% and 2.57%, respectively. On the other hand, iShares MSCI Global Semiconductors UCITS ETF (SEMI) showed a massive 5.12% daily return. However, HSBC NASDAQ GLOBAL SEMICONDUCTOR UCITS ETF (HNSC) presented a negative daily return of -1.64%. The significant drivers of these returns were the leading companies in the semiconductor industry, such as BROADCOM LIMITED ORD (AVGO), QUALCOMM ORD (QCOM), ADOBE INC ORD (ADBE), and INTEL-T ORD (INTC), which had a daily return ranging from 5.84% to 11.52%.
See how over 500 professional investors use ETFs in the 2023 Trackinsight Global ETF Survey. Get access today.
