New Listing

VanEck launches Europe's first semiconductor ETF

SMGB has a TER of 0.35%

George Geddes

a screenshot of a computer

VanEck has expanded its thematics range with the launch of Europe's first semiconductor ETF.

The VanEck Vectors Semiconductor UCITS ETF (SMGB) is listed on London Stock Exchange with a total expense ratio of 0.35%.

Tracking the MVIS US Listed Semiconductor 10% Capped index, SMGB offers exposure to companies that derive at least 50% of their revenues from semiconductors.

This includes businesses involved in microchip production and equipment used within themes such as cloud computing, artificial intelligence and cybersecurity. 

Originally launched in the US in 2011, SMGB has captured $3.9bn assets under management (AUM).

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Martijn Rozemuller, head of Europe at VanEck, commented: “Microchips are used in technical components such as computer chips or microprocessors and our modern world would be inconceivable without them.

“With the growing use of modern technology in business and everyday life, the demand for and significance of more powerful microchips is increasing.”

VanEck has launched a couple of ETPs in Europe in 2020 in the form of a bitcoin ETN and global wide moat ETF.

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