BetaShares ASX200 Australian Technology ETF (ATEC)

This ETF is made up of the large cap ASX tech names although it may surprise some subscribers to know that Computershare and Pro Medicus make up 20% of it. As we showed earlier, tech has fallen out of favour in the last two months after being hit with a Mike Tyson-esque one-two: Firstly, interest rates are now expected to rise, as opposed to fall, in 2026, removing an important tailwind for high-value growth stocks. Secondly,  the “AI Trade” is being called into question as spending vs. potential returns has led to a major re-rating on global bourses – as we saw overnight with Oracle (ORCL US) falling another -10.8%, taking its correction to ~46% in just 3-months.

The ATEC ETF is slowly starting to look interesting after correcting over 20% in recent weeks. Following moves in the US overnight, we wouldn’t be jumping in just yet, but this ETF is close to a buy MM – as we often say it’s “looking for a low”.

• We can see the ATEC ETF testing below $25 in the coming weeks, but the correction is maturing fast.