The VanEck Semiconductor UCITS ETF has reached fund assets of over USD1 billion.
VanEck launched this UCITS ETF in December 2020, designed to offer European investors the opportunity to participate in the semiconductor industry. The VanEck Semiconductor UCITS ETF invests specifically in companies that generate more than half of their revenue from semiconductors or semiconductor accessories.
“Modern technologies would be unthinkable without semiconductors,” says Martijn Rozemuller, CEO at VanEck Europe.
“In addition, the development of future technologies such as robotics, cloud computing or autonomous driving and the currently widely discussed artificial intelligence, is leading to a growing demand for advanced computer technology,” says Rozemuller.
The VanEck Semiconductor UCITS ETF invests in an international selection of semiconductor companies that demonstrate high liquidity due to their market cap and trading volume. The ‘MVIS US Listed Semiconductor 10 per cent Capped ESG Index’ on which the ETF is based is set up as a pure-play index. This means that only companies that generate at least 50 per cent for current index components with semiconductors and semiconductor accessories will be included. For current index components, the limit is 25 per cent. The weighting is limited to 10 per cent per company.
