Technology exchange-traded funds were some of the biggest sellers during the dot-com mania of 10 years ago, even as they loaded up on Internet companies without profits.
Today, one of the biggest poster children for the dot-com crash,
“This is about buying solid, dependable, well-established companies with steady cash flows that often pay dividends and trade at reasonable multiples,” explained Dan Dolan, Select Sector ETF product manager at ALPS. “Tech is also a cyclical sector that is bound to grow as the economy rebounds and companies start investing again.”