iShares Expanded Tech Sector ETF

IGM

Market cap $8.27B

Software stocks are in bear market territory with some of the industry's biggest names about to report earnings. What to expect next.

IGM Financial Inc. (IGM:CA) Q4 2025 Earnings Call Transcript

Tech sector leadership is bifurcating, with AI chipmakers like NVDA, AMD, and AVGO outperforming while SaaS and software providers face headwinds. Meta Platforms and Google have justified aggressive AI CapEx by demonstrating tangible ROI in their core ad businesses, supporting elevated valuations.

Designed to provide broad exposure to the Technology - Broad segment of the equity market, the iShares Expanded Tech Sector ETF (IGM) is a passively managed exchange traded fund launched on March 13, 2001.

BlackRock's (NYSE: BLK) iShares Expanded Tech Sector ETF (IGM) has been the exemplar of the technology sector's ability to outperform the U.S. stock market for more than two decades.

Investors with little or no exposure to artificial intelligence (AI) stocks like Nvidia and Palantir probably underperformed the S&P 500 in 2025. AI will likely remain a key driver of stock market returns in 2026, and the iShares Expanded Tech Sector ETF offers broad exposure to the entire industry.

BlackRock's extensive ETF lineup, comprising roughly 200 funds, is offering a broad view of how long-term thematic and sector exposures have evolved.

I rate both IYW and IGM as buys, but prefer IGM for its superior diversification and lower valuation multiples amid heightened market concentration. IGM offers broader exposure with 277 holdings and a 26.43% top 3 weight, versus IYW's 140 holdings and 44.85% top 3 concentration. IGM's lower P/E (28.79) and P/B (7.70) versus IYW (P/E 29.36, P/B 8.31) provide a better risk/reward profile in today's high-multiple environment.

"Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Today's guests: Capital Group Head of Global Product Strategy and Development Holly Framsted, State Street Investment Management CEO Yie-Hsin Hung and HDGE ETF Co-Portfolio Manager Brad Lamensdorf.

IGM Financial Inc. ( IGM:CA ) Q3 2025 Earnings Call November 7, 2025 8:00 AM EST Company Participants Kyle Martens James O'Sullivan - President, CEO & Director Damon Murchison - President & CEO of IG Wealth Management Luke Gould - President & CEO of Mackenzie Investments Keith Potter - Executive VP & CFO Conference Call Participants Jaeme Gloyn - National Bank Financial, Inc., Research Division Graham Ryding - TD Cowen, Research Division Presentation Operator Thank you for standing by. This is the conference operator.