Why the VanEck Semiconductor ETF Rallied 12.3% in May
Shares of the VanEck Semiconductor ETF (NASDAQ: SMH) rallied 12.3% in May, according to data from S&P Global Market Intelligence.
VanEck's ETF is one of the more popular ways to gain diversified exposure to the semiconductor sector, with a relatively low expense ratio of 0.35%. The ETF holds 26 of the largest semiconductor stocks in the market, and is weighted by market cap.
After a torrid start to the year, the exchange-traded fund took a slight dip in April. However, May saw the fund increase 12.3%, on the back of outperformance once again from its largest component: Nvidia.
Source Fool.com