iShares Expanded Tech Sector ETF
IGM
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- iShares Expanded Tech Sector ETF (IGM) is an exchange-traded fund that seeks to track the investment results of the S&P North American Expanded Technology Sector Index, which comprises North American equities primarily in the technology sector and select holdings from communication services and consumer discretionary sectors. Launched on March 13, 2001, and managed by BlackRock, Inc., with headquarters in New York, the ETF provides investors with diversified exposure to U.S. and Canadian technology companies across market capitalizations, focusing on growth-oriented stocks in electronics, computer software and hardware, information technology services, semiconductors, and related areas; it holds approximately 280-285 securities, with top positions including Apple Inc. (9.30%), NVIDIA Corp. (8.65%), Microsoft Corp. (8.45%), Broadcom Inc. (7.49%), and Alphabet Inc. (4.65%). The fund features a net expense ratio of 0.39%, trades on the NYSE Arca exchange under the ticker IGM, and serves institutional and retail investors seeking concentrated technology sector performance without ESG or sustainable investment strategies. IGM targets the technology industry segment, emphasizing large-cap growth stocks with significant representation from AI leaders and multimedia networking firms, while maintaining operations domiciled in the United States and available for sale in markets including Germany. As of late 2025, assets under management exceed $9 billion, reflecting robust net inflows of approximately $250 million in Q2 2025 amid bullish investor sentiment, declining short interest, and strong year-to-date total returns of 23.71%; the fund delivered annualized returns of 40.40% over three years and 19.97% over five years through recent periods. Recent developments include sustained asset growth and momentum in third-party ETF assets through mid-2025, alongside broader iShares portfolio adjustments such as index rebalances effective September 22, 2025, to account for mergers, acquisitions, and capitalization changes in underlying holdings; no major fund-specific acquisitions, partnerships, or strategic shifts were reported for IGM itself in the last 1-2 years, though BlackRock continues expanding its iShares ETF lineup to meet client needs.