The biggest chip deal ever has lit a fire under exchange traded funds holding semiconductor equities. Market Vectors Semiconductor (SMH), the largest ETF focused on the subindustry, was up 0.6% to 59.88 in the stock market today. That number marks a new high as investors digest the news of Avago Technologies' (AVGO) record $37 billion buy of Broadcom (BRCM). The Singapore-based maker of radio frequency chips is poised to become the world's No. 3
Friday 29 May 2015
Technology ETFs Surge On Big Avago-Broadcom Deal
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
The biggest chip deal ever has lit a fire under exchange traded funds holding semiconductor equities. Market Vectors Semiconductor (SMH), the largest ETF focused on the subindustry, was up 0.6% to 59.88 in the stock market today. That number marks a new high as investors digest the news of Avago Technologies' (AVGO) record $37 billion buy of Broadcom (BRCM). The Singapore-based maker of radio frequency chips is poised to become the world's No. 3
The biggest chip deal ever has lit a fire under exchange traded funds holding semiconductor equities. Market Vectors Semiconductor (SMH), the largest ETF focused on the subindustry, was up 0.6% to 59.88 in the stock market today. That number marks a new high as investors digest the news of Avago Technologies' (AVGO) record $37 billion buy of Broadcom (BRCM). The Singapore-based maker of radio frequency chips is poised to become the world's No. 3
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