Three Forgotten Tech ETFs Worth A Look

Some may not know it, but the world of tech ETFs is full of compelling options beyond the PowerShares QQQ QQQ and the Technology Select Sector SPDR XLK. Those two Goliaths are just that: The big kids on the block, but it doesn't mean they are the best tech ETFs. Check out these tech ETFs if you want to take an adventure away from XLK and QQQ. 1) First Trust Dow Jones Internet Index Fund FDN: To be fair (and accurate), FDN is by no means unknown. It has strong average daily volume of about 310,000 shares and if Google GOOG and Amazon AMZN account for 15% of an ETF's weight, it's hard to fly under the radar. Home to 40 stocks, most of FDN's holdings make sense, though TD Ameritrade AMTD sticks out compared to the others. Consider FDN if you don't want to pay triple-digit prices for Amazon and Google. 2) SPDR Morgan Stanley Technology ETF MTK: Alright, now we're getting into less traveled territory. Trading less than 16,000 shares, MTK's volume won't wow anyone, but almost $228 million in assets under management ensures the ETF won't be gone tomorrow. MTK touches a variety of tech sub-sectors as EMC EMC, IBM IBM and Qualcomm QCOM are all found among the top-10 holdings, but the rub with this ETF is that it isn't optionable so forget covered calls or protective puts if you're long MTK. 3) Global X China Technology ETF CHIB: Introduced in 2009, CHIB has really flown under the radar considering China is a booming tech haven and the world's largest Internet market. CHIB is home to just 26 stocks, but one reason to like the ETF is that Chinese Internet high-fly acts Sina SINA, Baidu BIDU and Sohu.com SOHU account for about 20% of the ETF's weight. With names like that in the fray, it may just be a matter of time before CHIB becomes a high-flier in its own right.