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HAN-GINS Innovative Technologies ETF (ITEK) Celebrates First Year Performance

  • ITEK performance up 14.51% in the last 12 months and 20.85% YTD*
  • ITEK provides equally weighted, diversified exposure to ‘Industry 4.0’ mega trends including 100 companies involved in robotics and automation, cloud computing and big data, cyber security, genomics and blockchain
  • ITEK sits alongside HANetf’s unique range of thematic ETFs including cloud technology, EM ecommerce and healthcare technology

 

LONDON, 22 November 2019: The HAN-GINS Innovative Technologies (ITEK) ETF is celebrating 12 complete months of performance, with a first-year gain of 14.51%. The fund, which is designed to capture the growth of the global technology sector, also returned 20.85% YTD to the end of October.

Fund  12-month performance in USD (31.10.18 - 31.10.19) YTD performance in USD at 31 October 2019
 HAN-GINS Innovative Technologies ETF (ITEK) 14.51% 20.85%

*Source: Bloomberg. Past performance is not a reliable indicator of future performance.  As with all investing, your capital is at risk

ITEK listed on the London (LSE: ITEK), Frankfurt and Milan stock exchanges in October 2018.

ITEK delivers broad exposure to a globally diversified basket of growing technology companies with equally weighted themes and constituents. This includes such dynamic areas of technological innovation as robotics, cloud computing & big data, cyber security, future cars, genomics, social media, blockchain and augmented & virtual reality. It is an alternative to the conventional approach to investing in the tech sector, namely FANGS stocks.

The ITEK fund tracks the Solactive Cloud Technologies Index, a transparent rules-based index that uses an artificial intelligence-based approach to identify and capture a broad range of companies focused on innovative and disruptive technology trends.

The fund was created in conjunction with GinsGlobal, a specialist in the development of index-linked investment products.

Anthony Ginsberg, Managing Director of GinsGlobal, said: “Technology is going to be playing a much larger part in our lives over the next decade. This ETF taps into the dynamic growth story of those companies which are doing so much to make that happen, and which we think will be the direct beneficiaries of the next tech revolution. The ETF delivers broad exposure across a variety of cutting- edge technical themes and the 20% year to date performance of the fund recognises the already impressive growth we are seeing in this area"

 The fund has the ‘megacaps’ of the international technology revolution among its constituents, for example the Chinese giants Baidu, Alibaba and Tencent, but these are capped to allow growth potential of the up-and-coming small to mid-cap companies from a range of other sectors as well.

Hector McNeil, co-founder of HANetf, commented: “We founded HANetf with the vision of meeting the growing investor demand for innovative and unique ETF products. It has been gratifying to see the performance of ITEK over the past year, and we look forward to working with GinsGlobal and other companies, helping them to get further traction in the European market and further afield. These funds are helping to broaden the range of ETF choices now available to investors and intermediaries in the European market, and the industry continues to mature.”

The HAN-GINS InnovativeTechnology UCITS ETF (ITEK) is domiciled in Ireland as a UCITS.  It is listed on the London Stock Exchange as well as Frankfurt and Milan.  It has recently been registered in the Netherlands and Finland for distribution. The fund has a TER of 0.75%. and is available on over 60 online investment platforms.

Learn more about the Innovative Technology ETF: 

 

Article Date: 22nd November 2019. 

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