The iShares Global Tech ETF (IXN) is an exchange-traded fund designed to track the performance of a global index composed of information technology companies. The ETF is managed by BlackRock through the iShares platform and trades under the ticker IXN on Nasdaq.
Classified as an equity ETF with global exposure to the information technology sector, IXN seeks to reflect, before fees and expenses, the performance of the securities included in its benchmark index.
The fund follows a passive management strategy, replicating the S&P Global 1200 Information Technology 4.5/22.5/45 Capped Index, which consists of global technology companies selected according to liquidity, market capitalization, and sector-classification criteria.
Diversification and sector exposure
IXN provides concentrated exposure to the global information technology sector, including segments such as:
• Information technology
• Software and digital services
• Technology hardware and equipment
• Semiconductors
• Global technology services
This composition reflects multiple segments of the technology industry across developed global markets.
Structure and costs
IXN shares trade on the secondary market on Nasdaq during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. IXN may distribute income derived from dividends paid by companies held in the portfolio.
History and evolution of the ETF
The iShares Global Tech ETF was launched in 2001, during a period of expansion in sector-focused ETFs and growing global relevance of the technology industry.
Since inception, the fund has been used by investors seeking exposure to the global technology market through an index-based exchange-traded structure.
In recent years, IXN has reflected developments related to artificial intelligence expansion, growth in the semiconductor industry, Federal Reserve monetary policy changes, and performance concentration among large global technology companies.
Additional Information
iShares Global Tech ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $8.97 Billions.
Over the past 12 months, iShares Global Tech ETF recorded a return of 54.77%, with its price trading between $86.70 and $149.74 during the same period.
The ETF is traded under the ticker IXN.