Defiance ETFs has rung the closing bell at the New York Stock Exchange to mark the successful launch of the Defiance Future Tech ETF (AUGR), a unique ETF designed to provide exposure to disruptive augmented and virtual reality technology.
The Defiance team is also lowering the expense ratio for AUGR to 40 basis points (bps).
“Much like AR/VR, ETFs are a disruptive technology in the way they make so many investment strategies and exposures available to all,” says Matthew Bielski, founder and CEO of Defiance ETFs. “With the new lower expense ratio, we’re confident that even more investors will be drawn to the exposure offered by AUGR.”
AUGR offers a liquid, transparent way to invest in companies developing and commercialising AR/VR technology, from application developers to manufacturers and distributors of the necessary hardware. The fund seeks to track, before fees and performance, the BlueStar Augmented and Virtual Reality Index (BAUGR), an equally weighted index which includes approximately 60 global stocks across all market capitalisations.
AUGR was joined on 5 September by the Defiance Quantum ETF (QTUM), a fund focussed on providing access to companies developing and applying machine learning and quantum computing technology, including hardware companies, software makers and defence and security firms.