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A comprehensive look at trends fund profiles and more in exploring ETFs after a steep decline at the end of 2018 semiconductor stocks been doing pretty good to start 2019 off and so that's why our ETF research director Nina Mishra thought it'd be a good idea to talk about semiconductor ETFs yes in this segment so what's driving the good performance I think it's mainly due to progress in us-china trade talks earlier this week President Trump said that the deadline of March 1st to arrive at a trade agreement is not a magical date and the Chinese delegation is now in Washington DC, and they are working on a trade deal, so there are they're rising hopes that two countries would arrive at a trade deal soon and chip stocks semiconductor companies they have a lot of exposure to China that is why they benefited from developments positive developments in trade talks and also late last year there were a lot of concerns about demand for chips and some companies Nvidia in particular they warned about the upcoming results and chip demand, but results have been actually better than expected they were not as bad as feared and Lidia AMD is along's all these companies they reported better than expected results and also there is a lot of demand from some newer areas of technology while some of the more traditional areas like PC smartphones are having like slow down demand or flatters demand, but there's a lot of demand from AI high quality chips in AI self-driving cars Internet of Things, so that is going to continue to drive the demand for chips going forward it appears so will their demand from these new areas offset it looks like and there is demand for better chips, so that is why the companies they are working on better materials and better quality of chips, so those will probably benefit these companies going forward okay I was going to say with a number of products that utilize these particular pieces of technology could the demand ever dry up probably not yeah probably not yes all right, so you brought about what for example yes these are the four most popular ETF's in the space there are differences among these it is so since these ETS are in focus they are in demand by investors should know what these they should know what this ETF's hold how they weighed their holdings and what are the differences among these ETS all right let's look at them first the iShares pH LX semiconductor ETF the ticker is s OE x x it is the most popular chip ETF it has about 12 billion in assets under management it's a modified market cap rated ETF, so that means it uses the market cap weddings, but it caps individual securities at 8, so no single security can have more than 8 percent weight in the portfolio at the time of rebalancing and note not more than five securities can be at that cap, so those are the same highlights of this ETF let's take a look at this ETF by going to our code page for s o XX the expense ratio is 47 basis points, and you can go to external homepage by...
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