1 Market-Beating Artificial Intelligence (AI) ETF That Could Turn $250,000 Into $1 Million
The iShares Expanded Tech Sector ETF (NYSEMKT: IGM) has delivered a compound annual return of 10.3% since it was established in 2001, comfortably beating the S&P 500 (SNPINDEX: ^GSPC), which has generated an average annual gain of 7.8% over the same period (as of this writing). It's an exchange-traded fund (ETF) that focuses on the broader technology industry, so it has successfully navigated transformational booms driven by the internet, enterprise software, cloud computing, and more. Now, the bulk of the companies that make up its top holdings are laser-focused on developing artificial intelligence (AI), which could be the most valuable opportunity in the tech industry's history.Here's how the iShares ETF could turn $250,000 into $1 million over the long term.Continue reading
The iShares Expanded Tech Sector ETF (NYSEMKT: IGM) has delivered a compound annual return of 10.3% since it was established in 2001, comfortably beating the S&P 500 (SNPINDEX: ^GSPC), which has generated an average annual gain of 7.8% over the same period (as of this writing).
It's an exchange-traded fund (ETF) that focuses on the broader technology industry, so it has successfully navigated transformational booms driven by the internet, enterprise software, cloud computing, and more. Now, the bulk of the companies that make up its top holdings are laser-focused on developing artificial intelligence (AI), which could be the most valuable opportunity in the tech industry's history.
Here's how the iShares ETF could turn $250,000 into $1 million over the long term.