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This ETF considers not only developers but also users of promising technologies. So the coverage extends beyond the technology sector though the fund gets mileage from the booming technology sector. While the craze for tech-induced services or methodologies can be felt in the U.S., the real drive lies in the under-penetrated emerging markets. The growing acceptance of smartphones, related devices and software applications in various other sectors lead to considerable demand for the tech space. Further, surging health care and clean energy stocks revolving around exponential technologies are adding to investors’ enthusiasm.

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