One excellent way to “play” our view towards Australian tech is via the BetaShares ASX200 Tech ETF (ATEC), buying this $190m ETF alleviates the individual stock risk in this volatile space e.g. 50% of the sector has fallen more than 10% in 2021 with the worst 3 averaging a decline of 45%. Clearly with so many IT stocks struggling in 2021 there’s plenty of room for at least a few strong bounces in a market where investors are finding it increasingly difficult to identify value.
MM is bullish the ATEC initially targeting over 20% upside
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