New Listing

VanEck launches first active ETF tracking smart homes

CAVE is listed on three exchanges across Europe

Theo Andrew

Martijn Rozemuller

VanEck has launched its first actively-managed ETF that offers exposure to companies related to the smart home ecosystem.

The VanEck Vectors Smart Home Active UCITS ETF (CAVE) is listed on the London Stock Exchange, Deutsch Boerse and Euronext Amsterdam with a total expense ratio of 0.85%.

The active ETF will track a portfolio of 60 companies that generate their revenue or maintain assets in the “smart home ecosystem”.

VanEck will work with Dutch investment boutique Dasym to conduct the stock selection for CAVE which consists of 40 to 60 companies adjusted on a monthly basis.

It will target companies that “benefit disproportionately” from the role of the home in the life of consumers, including areas such as shopping, dining, exercising, dating, caring, studying, working and infrastructure.

Artificial intelligence will also feature in the portfolio as home devices “anticipate” needs of the homeowner in the future, the issuer said.

Commenting on the launch, Martijn Rozemuller (pictured), CEO of VanEck Europe, said: “This allows us to regularly adjust the portfolio of CAVE with our experienced partner Dasym and react quickly to new developments.

“As a result, our investors benefit from the careful stock selection that active fund managers provide, and the advantages of an ETF, such as low price and ease of trading.

“The home of the future is digital, connected and, above all, intelligent. It changes the way we shop, work, communicate and entertain from home.”

In September, VanEck expanded its ETF range with the launch of two strategies offering exposure to China ESG equities and companies involved in rare earths and strategic metals.

The VanEck Vectors Rare Earths and Strategic Metals UCITS ETF (REGB) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.59% while the VanEck Vectors New China ESG UCITS ETF (CNEW) is listed on the LSE and Deutsche Boerse with a TER of 0.60%.

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