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Foreign Markets Power Top Tech's Growth

Posted on July 02, 2008

Many of iShares S&P North American Technology ETF's (IGM) top holdings gained ground during the second quarter, even as the broad market slid toward bear market territory. Apple (AAPL), IGM's recent No. 3 holding, leapt nearly 19% for the three months ending June 27; No. 6 holding Google (GOOG) jumped more than 20% in the same period; No. 8 holding Oracle (ORCL) gained about 10% and No. 9 holding Qualcomm (QCOM) surged about 14%. Only three of the fund s top ten holdings lost ground for the period, and none dropped by more than 3%. The fund itself gained about 5%. IGM held more than half its...

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google , oracle , tech