In this fund overview, we look at the HAN-GINs Innovative Technologies UCITS ETF (ITEK). The fund targets eight “Industry 4.0” themes in developed and emerging markets, using a double diversification approach.
The eight themes that make up this fourth industrial revolution are: Robotics & Automation, Cyber Security, Genomics, Future Cars, Cloud Computing, Social Media, Blockchain and Augmented and Virtual Reality. To provide diversification, the fund equal weights each theme and then equal weights each company within a theme.
ITEK has a total expense ratio of 0.75% and holds equities from emerging markets as well as developed markets giving it global coverage. It is available in US dollars, sterling and euros.
Tracking the Solactive Innovative Technologies index, ITEK is designed to measure the performance of an investable universe of publicly-traded companies that are involved in innovative and disruptive technological trends across a broad range of industries.
ITEK targets long-term investors and is listed on London Stock Exchange, CBOE, Borsa Italiana and XETRA.