February 16, 2021
Based on data from global research and advisory firm Gartner, worldwide IT spending is expected to reach $4 trillion by the end of this year. This gives ETF investors an opportunity to bet on software growth with the
PSJ seeks to track the investment results of the Dynamic Software IntellidexSM Index. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index.
As expected, the underlying index is composed of domestic software companies. These companies are principally engaged in the research, design, production, or distribution of products or processes that relate to software applications and systems and information-based services.