IGM

The iShares Expanded Tech Sector ETF (IGM) is an exchange-traded fund designed to provide broad exposure to the North American technology sector. The ETF is managed by BlackRock through its iShares division and trades under the ticker IGM on the NYSE Arca.

Classified as a sector-focused technology equity ETF, the fund seeks to reflect, before fees and expenses, the performance of the S&P North American Expanded Technology Sector Index.

The ETF follows a passive management strategy, maintaining a portfolio structured to replicate the composition and weighting of its benchmark index. The benchmark includes U.S. and Canadian companies associated with software, semiconductors, technology services, internet platforms, hardware, and digital communication industries.

Diversification and sector exposure

IGM provides exposure primarily associated with:

• Information technology.
• Semiconductors.
• Software.
• Cloud computing.
• Artificial intelligence.
• Digital platforms.
• Technology communication services.
• North American technology companies.

The ETF’s performance is particularly sensitive to expectations surrounding the technology sector, financial-liquidity conditions, and U.S. interest rates.

Changes in Federal Reserve monetary policy, fluctuations within semiconductor markets, and shifts in growth expectations for large technology companies may directly affect the fund’s behavior. 

The ETF may also reflect developments associated with artificial intelligence expansion, corporate digitalization, data-center infrastructure, and high-performance computing.

Structure and costs

IGM shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. IGM may distribute income derived from dividends paid by companies held within the portfolio.

Because the ETF maintains concentrated exposure to technology and growth-oriented companies, its performance may exhibit elevated volatility and heightened sensitivity to monetary conditions and investor risk appetite.

History and evolution of the ETF

The iShares Expanded Tech Sector ETF was launched in 2001 during a period marked by consolidation among sector-focused technology ETFs following early-2000s market volatility.

Since inception, the fund has reflected movements associated with the North American technology sector, including internet growth, expansion of cloud computing, and development of the digital economy.

In recent years, IGM has reflected the expansion of artificial intelligence, growth in semiconductor companies, advances in digital infrastructure, and volatility in technology equities amid U.S. interest-rate and liquidity cycles.

Additional Information

iShares Expanded Tech Sector ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $10.40 Billions.

Over the past 12 months, iShares Expanded Tech Sector ETF recorded a return of 49.78%, with its price trading between $105.95 and $170.99 during the same period.

The ETF is traded under the ticker IGM.