The NYSE Arca Tech 100 Index
is a price-weighted index
composed of common stocks
of technology-related companies listed on US stock exchanges
. The index is maintained by the New York Stock Exchange
, but includes stocks that trade on exchanges other than the NYSE. Companies from different industries that produce or deploy innovative technologies to conduct their business are considered for inclusion. Leading companies are selected from several industries, including computer hardware, software, semiconductors, telecommunications, electronics, aerospace and defense, health care equipment, and biotechnology.
Modeled as a multi-industry technology index, the objective of the NYSE Arca Tech 100 Index is to provide a benchmark for measuring the performance of companies using technology innovation across a broad spectrum of industries.
Unlike other indexes, whose historic returns date back only a few months or years, the NYSE Arca Tech 100 Index has been tracked since 1982, when it was initiated by the Pacific Exchange
. It is one of the oldest technology indexes calculated.
There was an ETF
on this index, but it got liquidated.