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No AMZN, MSFT, AAPL? No Problem: Tech ETF GTEK Up 45% YTD

The tech stocks landscape is a complicated one right now. Investors have so many options, with technology equities delivering for portfolios year in and year out. However, concentration risk looms with the biggest names comprising nearly 40% of the S&P 500. The Goldman Sachs Future Tech Leaders ETF (GTEK B-) provides a solution, going without the biggest names. The tech ETF has delivered while doing so.Key Takeaways: GTEK has performed very well without megacap tech names like Amazon (AMZN) or Apple (AAPL). The fund has returned 44.9% YTD, beating its ETF Database Category average. GTEK’s active focus invests across categories to find the strongest rising names in innovation. GTEK charges a 75 basis point fee to actively invest in rising stars among tech stocks. The active tech ETF uses an active, bottom-up approach to construct its list of next-generation tech stocks. GTEK emphasizes growth potential, excluding megacap tech names like AMZN or AAPL.Tech ETF GTEK Offers Upside Without Concentration RiskWhat’s more, the fund’s active remit allows it to invest across sectors. Some securities may be in information tech, while others may be healthcare or marketing companies. The ETF’s team screens for quality and growth using fundamental metrics like free cash flow. That has helped GTEK return 44.9% YTD, according to ETF Database data. It also significantly outperformed its ETF Database Technology Equities category average of 24.7%, as of August 5th. Looking ahead to the last months of the year, then, what role can GTEK play? The fund can help add tech exposure outside the major names that already add concentration risk. Longer term, it can play a strong satellite ETF role for investors. See more: Get Cutting Edge Tech Stocks in Active ETF LOUP The strategy has shown it can deliver that strong tech equities growth, potentially juicing returns longer term. For those who want to add a flexible, fundamentals-driven active ETF, GTEK may be a healthy consideration. For more news, information, and strategy, visit the Future ETFs Content Hub.

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