Apple's Effect on ETFs
BI ETF Analysis, Global Dashboard
1. Apple Bows Down to No Stock When It Comes to Affecting U.S. ETFs 10/28/16 (Bloomberg Intelligence) -- Apple's effect on U.S. ETFs is hard to understate. It's in 190 ETFs, representing total allocations of $29 billion, or more than 1% of all ETF assets. The tech giant also boasts the largest weighting in four of the top-five largest ETFs. Normally, ETF investors don't have to be that tuned in to day-to-day company news or earnings, but Apple is a rare exception since it is so widely held in such funds. This recurring research will monitor Apple's ongoing impact on U.S. ETF investors.
Apple's influence also shows that investors prefer to use market-cap-weighted ETFs. However, ETFs that provide alternative weightings (aka smart-beta) are growing as investors look to limit risks and outperform.
Key Points: History Shows Apple Can Erase Billions From ETFs in No Time Apple's Effect on ETFs Has Become Greater Then Most Countries Apple's Biggest ETF Holders Aren't Most Affected by the Stock Apple Is the Tail Wagging the Dog for Many Technology ETFs Equal-Weight Tech ETFs Limit Apple Exposure for Better or Worse