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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