- Top subtheme contributors this month - represent Genomics, Cloud and Cybersecurity.
- ITEK only holds top 15 established players in each subtheme.
- Blockchain, Robotics, Future Cars and Digital Entertainment posted weakest returns.
- Best performing holdings dominated by Genomics, Cloud Computing, Cybersecurity, Future Cars and Robotics holdings: (see Table).
- ITEK’s global mix reduces volatility - US at 57.7%, China 18.5%, Japan 7.1%, South Korea 2.9% & Netherlands 2.5%.
- ITEK’s Top 5 holdings represent only 8.3% - and Top 10, 15% of the entire portfolio. [1]
- Far lower risk than Nasdaq (100% US focused and Top 5 holdings almost 40%) - ITEK’s FAANG weight is under 7%.
- Equal weighting 115 holdings ensures less losses, than more concentrated Fund competitors.
- All 8 subthemes down in 2022 - Blockchain weakest performer, followed by Robotics Digital Entertainment.
- Genomics, Cloud and Social Media have been relatively stronger performers.
Please note that all performance figures are showing net data. Past performance is not indicative of future performance. Source of all data: Gins Global.
Macro Outlook
- Global Mobile users: 67.1% of the world’s population now uses a mobile phone, with unique users reaching 5.3bn by the start of 2022. [2]
- Global Internet users climbed to 4.95bn at the start of 2022, with Internet penetration at 62.5% of the world’s total population. [3]
- Global Social Media users: 4.62bn social media users around the world in January 2022. Represents 58.4% of world’s total population. [4]
- Global Social Media users - grew by 10.1% to end of January 2022 (past 1yr) - 424mn new users during 2021. [5]
- WFH trend continues to be strong - boosting Cloud, Cybersecurity and Digital Entertainment usage. [6]
- Global EV car market share – being boosted by $120+/barrel oil. (China, US & EU)
- As inflation numbers hit ceiling (possibly 3rd/4th qtr) - expect Tech to bounce back, particularly ITEK holdings with strong earnings and balance sheets.
- Prior PE multiples were too high – currently at attractive levels. Tech growth industry fundamentals have not changed. Cloud projections show strong growth.
- Over 50% of Enterprise IT Spending to shift to the Cloud by 2025. [7]
- Netflix and Sony both acquired Gaming companies in the past few months. [8]
May - Subtheme Returns
|
Contribution
|
Total Return (%)
|
% Average Weight
|
% Performance of Category
|
|
Blockchain
|
-3.7
|
6.9
|
-53.0
|
|
Robotics & Automation
|
-2.2
|
13.9
|
-16.1
|
|
Genomics
|
0.3
|
16.0
|
2.1
|
|
Cybersecurity
|
-0.3
|
12.4
|
-2.7
|
|
Future Cars
|
-1.1
|
15.1
|
-7.1
|
|
Digital Entertainment
|
-1.1
|
12.6
|
-8.7
|
|
Cloud Computing
|
-0.5
|
15.8
|
-2.9
|
|
Social Media
|
-0.2
|
7.3
|
-3.0
|
Source of all data: Solactive. Past performance is no guarantee of future performance
|
HOLDINGS
|
Index Category
|
Average Weight (%)
|
Total Return (%)
|
Contribution to Return (%)
|
|
LI AUTO INC-CLASS A
|
Future Cars
|
1.4
|
53.2
|
0.5
|
|
SEAGEN INC
|
Genomics |
1.4
|
30.4
|
0.4
|
|
NIO INC - ADR
|
Future Cars |
1.0
|
24.9
|
0.2
|
|
JIANGSU HENGRUI MEDICINE C-A/strong>
|
Genomics |
0.9
|
21.8
|
0.2
|
|
ARGENX SE
|
Genomics |
1.4
|
20.1
|
0.2
|
|
ALIBABA GROUP HOLDING-SP ADR
|
Cloud Computing |
1.2
|
18.4
|
0.2
|
|
KUAISHOU TECHNOLOGY
|
Digital Entertainment |
1.1
|
15.0
|
0.1
|
|
BEIGENE LTD
|
Genomics |
0.8
|
14.6
|
0.1
|
|
BYD CO LTD-H
|
Future Cars |
1.5
|
12.2
|
0.2
|
|
GDS HOLDINGS LTD-CL A
|
Cyber Security |
0.8
|
10.9
|
0.1
|
|
ROBLOX CORP -CLASS A
|
Digital Entertainment |
0.7
|
9.8
|
0.1
|
|
SANGFOR TECHNOLOGIES INC-A
|
Cyber Security |
0.8
|
9.6
|
0.1
|
|
OKTA INC
|
Cyber Security |
0.6
|
8.9
|
0.0
|
|
GENMAB A/S
|
Genomics |
1.0
|
6.1
|
0.1
|
|
BAIDU INC - SPON ADR
|
Cloud Computing |
1.1
|
6.0
|
0.1
|
|
CROWDSTRIKE HOLDINGS INC - A
|
Cyber Security |
1.0
|
5.4
|
0.1
|
Past performance is no guarantee of future performance. Source of all data: Solactive.
Equally Weighted ETF and Index Performance (As of 30.06.2022)
|
|
1M
|
3M
|
6M
|
YTD
|
1Y
|
2Y
|
3Y
|
SI
|
|
HAN-GINS Tech Megatrend UCITS ETF
|
-8.89%
|
-24.46%
|
36.66%
|
-36.66%
|
-39.58%
|
-1.66%
|
21.46%
|
27.53%
|
|
Solactive Innovative Technologies Index (NTR)
|
-8.88%
|
-24.41%
|
-37.06%
|
-37.06%
|
-39.83%
|
-1.66%
|
22.17%
|
28.73%
|
Past performance for the index is in USD. Past performance is not an indicator for future results and should not be the sole factor of consideration when selecting a product. Investors should read the prospectus of the Issuer (“Prospectus”) before investing and should refer to the section of the Prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in this product. Source: Bloomberg / HANetf. Data as of 30/06/2022. Please note that all performance figures are showing net data.
* The SFDR classifications for the funds are documented in their respective supplements and approved by the Central Bank of Ireland. The supplement for each fund can be found on their respective product page.
Learn more about our Equally Weighted ETF