Exchange-traded funds offer a convenient way to invest in sectors or niches that interest you. If you expect technology-heavy companies to thrive over time as new products are developed and our growing and developing populations demand them, the Technology Select Sector SPDR ETF
ETFs often sport lower expense ratios than their mutual fund cousins. The technology ETF's expense ratio -- its annual fee -- is a very low 0.18%.
This ETF has performed rather well, outpacing the world market over the past three, five, and 10 years. As with most investments, of course, we can't expect outstanding performances in every quarter or year. Investors with conviction need to wait for their holdings to deliver.
With a low turnover rate of 5%, this fund isn't frantically and frequently rejiggering its holdings, as many funds do.
What's in it?
More than a handful of technology-oriented companies had strong performances over the past year. Data storage giant EMC
Other companies didn't do quite as well last year, but could see their fortunes change in the coming years. Corning
Cognizant Technology Solutions
The big picture
Demand for technology isn't going away anytime soon. A well-chosen ETF can grant you instant diversification across any industry or group of companies -- and make investing in and profiting from it that much easier.
If you're intrigued by Corning (and you should be), check out our new premium research report on it. Our analysts have jam-packed this report with the opportunities and threats that could cause Corning to rise or fall, and the report comes with a full year of updates.
Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, owns shares of Corning, but she holds no other position in any company mentioned. Click here to see her holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Corning. The Motley Fool has a disclosure policy.