Some ETFs are outperforming the market without relying on Nvidia. Three categories of ETFs stand out: those linked to cryptocurrencies, those investing in specific markets such as Japan and India, and those focused on sectors benefiting from relocation to the US, such as housebuilders.

Despite the predominance of technology in current indices, it is possible to avoid excessive concentration in tech thanks to 'smart beta' ETFs, which use alternative criteria to market capitalisation such as value and quality to weight assets. These strategies can help investors diversify their portfolios and reduce their dependence on the technology sector.

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