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After some hiccups not too long ago, technology ETFs appear to have shaken off the fever and are once again ready for action.

When it comes to smaller tech players, however, use caution. Sentiment can be fickle, especially when it comes to some of the lesser-known names that dot the sector, says Quint Tatro for Minyanville. ETFs are an easy way to get exposure to the less-established firms without taking on as much risk as a single stock.

If you’re eying the larger players, the industry is in an interesting position. The conservative way that many tech companies handle cash has left them sitting on more than $120 billion. Good thing, because a recent survey has found that venture capitalists are apparently migrating out of the United States and into foreign markets, where regulations and taxes are apparently more favorable, says Michael Comeau for Minyanville. The rainy day savings tech companies have built up should help them weather this shift.

Gary Beach for CIO reports that a recent Economic Impact Survey projected that businesses will increase their technology spending by 8% in the coming year. Also, a year-over-year projected increase for businesses with $1 billion or more in sales is also predicted.

  • Technology Select Sector SPDR (NYSEArca: XLK)
  • iShares Dow Jones U.S. Technology (NYSEArca: IYW)
  • Vanguard Information Technology (NYSEArca: VGT)
  • PowerShares QQQ Trust (NASDAQ: QQQQ)

If you’re really bearish on tech, there are some leveraged plays, too:

  • Direxion Daily Technology Bull 3x Shares (NYSEArca: TYH)
  • ProShares Ultra Technology (NYSEArca: ROM)

Tisha Guerrero contributed to this article.

Disclosure: None

Source: Tech ETFs Power Up