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HAN-GINS Global Innovative Technology ETF – ITEK Added Ferrari NV in Recent Rebalance & FAANGS Less than 5%

  • 11 new inclusions including Ferrari
  • 11 exclusions
  • ITEK tracks an index of 87 companies across 6 broad innovative technology mega themes including future cars, robotics and social media
  • FAANGS only accounts for less than 5% of the index showing the true diversification of ITEK

 

11th March. 2020 - The HAN-GINS Global Innovative Technology UCITS ETF (ITEK) underwent its semi-annual rebalance on March 6th 2020, resulting in the addition of 11 new constituents and 11 exclusions across six broad mega themes. Unlike most technology themed funds, ITEK only has under 5% exposure to the FAANGS with no exposure to Netflix at all. This provides a significantly more diversified approach compared to most other technology funds that are largely driven by the performance of the FAANGS.

HAN-GINS Innovative Technologies UCITS ETF (ITEK), is an exchange traded fund that tracks an index of leading companies that are driving innovation through the provision of disruptive technologies including Robotics & Automation, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Social Media, Blockchain, Augmented and Virtual Reality.  In a single trade, ITEK delivers exposure to 87 companies with high exposure to the innovative technology theme.

ITEK follows a transparent rules-based index, the Solactive Innovative Technologies Index to identify and capture companies that are leading technology innovation.  ITEK avoids concentration in larger stocks by using a double diversification approach that allocates an equal weight to each mega trend and then equal weights constituents within that theme.

Anthony Ginsberg, co-creator of The ITEK fund commented: “The most notable inclusions to ITEK in March 2020 are Ferrari, SAP, Hexagon and Bristol Myers Squibb. Ferrari has committed to electric cars and has recently launched its most powerful street car that uses three electric motors, and has recently filed a patent for an electric vehicle with four electric motors. SAP is emerging as one of the leaders in cloud technology software services. Bristol Myers Squibb is increasingly focusing on genomics and bioinformatics to deliver innovative and precision medicines and Hexagon is a new addition to our robotics and automation theme.”

He further commented “A few well-known companies falling out of our index are Toyota, SNAP and Broadcom. SNAP has been reclassified as a mobile platform application software provider - and is no longer viewed as predominantly a social media player. The exciting thing about ITEK is that it delivers a broad range of companies that provide cutting edge technologies in a single basket to trade.”

 

Inclusions

The 11 new constituents in the index are:

 Security Name Index Weighting Sub-Theme
SAP SE 1.11% Cloud
SANGFOR TECHNOLOGIES INC-A 1.11% Cybersecurity
CROWDSTRIKE HOLDINGS INC 1.11% Cybersecurity
GDS HOLDINGS LTD 1.11% Cybersecurity
FERRARI NV 1.11% Future Cars
BRISTOL-MYERS SQUIBB CO 1.11% Genomics
BIONTECH SE 1.11% Genomics
ZAI LAB LTD 1.11% Genomics
SHENZHEN GOODIX TECHNOLOGY-A 1.11% Robotics & Automation
WILL SEMICONDUCTOR LTD 1.11% Robotics & Automation
HEXAGON AB CLASS B 1.11% Robotics & Automation

The new constituents make up 12.22% of the index.

 

Exclusions

The 11 exclusions from the index are:

 Security Name Sector
ARISTA NETWORKS INC Cloud
CYBERARK SOFTWARE Cybersecurity
NORTONLIFELOCK INC Cybersecurity
PERSPECTA INC Cybersecurity
MAXIM INTEGRATED PRODUCTS Future Cars
LUYE PHARMA GROUP LTD Genomics
BLUEPRINT MEDICINES CORP Genomics
TOYOTA INDUSTRIES CORP ORD Robotics & Automation
BROADCOM INC Robotics & Automation
MARVELL TECHNOLOGY GROUP LTD Robotics & Automation
SNAP INC Social Media

 

Sector Weight Changes

Social Media Category provides the largest increase in weight change. Post re-balance the six sectors are now equally weighted with 16.67% each.

Sector Weight Changes New Weight  Previous Weight Weight Change
Social Media 16.67% 15.24%  

1.43%

Robotics & Automation 16.67% 16.09% 0.58%
Genomics 16.67% 16.18%  0.49%
Cybersecurity 16.67% 16.24%  0.42%
Cloud 16.67% 16.53%  0.13%
Future Cars 16.67% 19.72%  -3.06%

 

Country Weight Changes

The US is still the largest country contributing to the theme, but Canada has gained some ground.

Country weight changes New Weight Weight Change
US 58% -7%
Canada 18% 4%
Germany 4% 2%
Japan 3% -1%
Russia 3% 0%
Netherlands 2% 0%
Korea 2% 0%
Taiwan 2% 0%
Israel 1% -1%
Italy 1% 1%
Denmark 1% 0%
Sweden 1% 1%
Switzerland 1% 0%
France 1% 0%

All data provided from Solactive.

 

Fund Information

The ITEK ETF is listed on London Stock Exchange, Deutsche Boerse and Borsa Italiana.

As with all ETFs, investor’s' capital is fully at risk and you may not get back the amount originally invested.  Exchange rate fluctuations can have a negative or positive effect on returns.

Exchange Ticker RIC ISIN SEDOL Currency
 LSE ITEK LN ITEL.L

IE00BDDRF700

BYVJ8Y3 USD 
 LSE ITEP LN ITEP.L

IE00BDDRF700

BYVJ9D9 GBP
Borsa Italiana  ITEK IM ITEK.MI IE00BDDRF700 BFX1C86  EUR
Xetra T3KE GY T3KE.DE DE000A2N5XE0 BFX38M8  EUR

 

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