DailyBubble is excited to report that Defiance ETFs has recently launched a new ETF called the S&P 500 “Ex-Magnificent Seven” ETF. This ETF aims to provide investors with exposure to the S&P 500 index while excluding the seven largest tech stocks in the index – Apple, Microsoft, Amazon, Facebook, Alphabet (Google), Tesla, and Nvidia.
By excluding these tech giants, the ETF offers investors a unique opportunity to diversify their portfolios and potentially reduce concentration risk. DailyBubble believes that this ETF could be appealing to investors who are looking for a more balanced exposure to the S&P 500 index.
It is important to note that while the “Magnificent Seven” have been top performers in recent years, their dominance in the index has raised concerns about their impact on overall market performance. By excluding these stocks, the S&P 500 “Ex-Magnificent Seven” ETF offers investors a way to potentially mitigate some of these risks.
Overall, DailyBubble sees the launch of the S&P 500 “Ex-Magnificent Seven” ETF as a positive development in the ETF market, providing investors with more options for building diversified portfolios. Investors who are interested in gaining exposure to the S&P 500 index while reducing their exposure to the largest tech stocks may find this new ETF to be a valuable addition to their investment strategy.