Global X Morningstar Global Technology ETF (TECH) — Review & Analysis

TECH is one of Australia's broadest global technology ETFs, with $340 million in assets as at May 2026. Global X launched TECH in April 2017 (originally as ETFS Morningstar Global Technology before the Global X acquisition). The fund tracks the Morningstar Developed Markets Technology Index, holding approximately 100 global technology companies across software, semiconductors, internet platforms, IT services and hardware. The management fee is 0.45% per annum — competitive vs other thematic tech ETFs. TECH is broader than NDQ (Nasdaq 100, ~58% tech) — it's a pure-play technology sector ETF rather than a tech-heavy index ETF, with no exposure to non-tech Nasdaq stocks like Costco or PepsiCo.

To compare TECH side-by-side with every other ETF on the ASX, see the full ETF directory.

TECH's portfolio is dominated by US tech mega-caps but includes meaningful international exposure that NDQ misses. As at May 2026, top holdings include Microsoft, Apple, Nvidia, Alphabet (A and C share classes), Broadcom, Adobe, ASML, Salesforce, Cisco and Oracle. Around 85% of the fund is US-listed, with the remainder spread across Japan (Sony, Tokyo Electron), Taiwan (TSMC), Korea (Samsung), Germany (SAP) and the Netherlands (ASML). Over the 5 years to May 2026, TECH returned +45.0% total return — well behind concentrated NDQ (+126.6%) and FANG (+155.7%) because TECH's broader 100-holding diversification includes more underperforming mid-cap tech names.

TECH pays distributions semi-annually (late June and late December) at minimal yield. As at May 2026, the trailing 12-month distribution yield runs under 1% — most underlying holdings are growth companies that reinvest earnings rather than pay dividends. TECH is currency-unhedged, so AUD/USD moves affect AUD returns. With the launch of cheaper Vanguard tech options (VTEK at 0.23% in March 2026), TECH faces increasing fee pressure in its segment.

TECH is a reasonable broader-than-NDQ alternative if you want global technology exposure with some international diversification. But for pure US mega-cap tech, NDQ at 0.48% (more concentrated, better-performing) or the new cheaper VTEK at 0.23% are arguably better picks. TECH is best suited to investors who specifically want the broader 100-stock tech basket. A $10,000 investment in TECH at its April 2017 launch (with all distributions reinvested) would be worth roughly $24,000 as at May 2026 — an annualised return of about 10.2% per year over the 9-year period.