Tech Megatrends ETF Report | August 2025

Equal Weight ETF Key Takeaways

  • ITEK gained 2.3% in July rebounding over 30% since April lows.[1]
  • Impressive Q2 Tech earnings and lower US Tariffs on key partners – boosted Tech holdings.[2]
  • ITEK is up 23.1% on a 1Y basis and 12.4% for 2025.[3]
  • Tailwinds for ITEK include a weaker US$ and falling US inflation.
  • Trump’s tariffs focus on goods, not services – barely impacting most ITEK holdings.
  • Global holdings boost ITEK gains – US weighting drops.
  • Global mix: US 53.5%, China 14.6%, Japan 8.0%, Australia 4.3%, Canada 3.2%.
  • Diversified equal weight approach helps us benefit from Global Tech convergence gains.
  • Top 10 holdings represent only 12.5% weight; Nasdaq’s narrow concentration exceeds 50% for Top 10.[4]
  • Best July subtheme returns – Blockchain 13.2% up, Social Media 5.9, Cloud 3.4%.[5]
  • Year to Date – best subthemes, Digital Entertainment impressive up 28.4%, Cybersecurity 15.8%, Cloud 14.6%.[6]
  • ITEK’s overall P/E valuation below 19X, remains discounted versus Nasdaq 100 & Mag7 levels, above 30X.
  • Top 15 leaders for each Megatrend subtheme – all established firms.
  • Potential buying opportunity at these levels – access leading Global Tech companies.
  • ITEK potentially well positioned for broader Tech rally beyond Mega-Caps, just 8% (Nasdaq 48%).[7]
  • Beyond Tariffs, more business-friendly Trump Presidency lowering taxes and boosting Tech M&A space.
  • Fast adoption of AI – boosting Cloud Computing, AI & Cybersecurity spend.
  • Equal weight across 8 subthemes (12.5% per theme; 120 total holdings, 15 per subtheme).
  • Tech Convergence & AI – boosts broader Tech gains across ITEK holdings, beyond Magnificent 7.

Source of all performance data: HANetf; Bloomberg as of 31.07.2025. Past performance is not indicative of future performance and when you invest in ETFs your capital is at risk.

Macro Outlook

  • Latest CPI points to a Fed cut in September. This would likely boost Tech and growth stocks.[8]
  • US GDP growth rebounding as tariffs and inflation impact more muted.
  • Trump’s Big Fiscal Tax Bill passed, lowering taxes – improved sentiment.
  • Lower Trump Tariffs – good for Global Tech players.
  • ITEK potentially benefits from Bond yields declining – 10yr Treasury yields below 4.4%.[9]
  • ITEK holdings at cheapest valuations below 19X earnings on average.
  • ITEK holdings remain very undervalued versus Magnificent 7.
  • Sizable earnings beats for ITEK holdings very positive.
  • Tariffs ignite demand for Robotics & Automation – US onshoring grows.
  • US Tariffs immaterial impact on Tech software and service firms.
  • AI Convergence across Tech space – positive for Cloud, Social Media, Gaming, Future Cars & Cybersecurity.
  • Big AI spending continuing, boosting AI players & Cloud providers.
  • Removal of FTC’s M&A blockages and friendlier crypto and SEC regimes.
  • Tech tailwinds for Large-Caps, acquisition targets, trade at huge valuation discounts to Mag7/FAANGS.
  • Broadening out of Tech gains beyond Mag7 – influx of capital into US Tech continues.
  • Over $2.6tn spending in AI expected within a decade; potentially boosting Cloud spending to $3.5bn+ too.[10]

 

Subtheme Returns – July

ContributionContribution (%)Average Return (%)Sum of Weight (%)
Blockchain1.57%13.20%15.49%
Robotics & Automation-0.15%0.27%11.32%
Genomics0.29%2.40%11.65%
Cyber Security-0.42%-2.50%11.86%
Future Cars0.04%1.78%11.69%
Digital Entertainment-0.29%-0.53%13.60%
Cloud Computing0.44%3.41%12.22%
Social Media0.87%5.91%12.18%
Total2.35%

 

Source of all data: Solactive. Past performance is no guarantee of future performance.

 

 

 

 

 

 

Largest Contributors – July

HOLDINGSIndex CategoryContribution (%)Return
(%)
Average Weight (%)
BITFARMS LTD/CANADABlockchain0.28%54.87%0.69%
LG CHEM LTDFuture Cars0.29%42.55%0.92%
MEITU INCSocial Media0.48%33.78%1.56%
BIT DIGITAL INCBlockchain0.22%32.88%0.96%
GALAXY DIGITAL HOLDINGS LTDBlockchain0.33%31.79%1.22%
ROBLOX CORPDigital Entertainment0.39%30.98%1.33%
LG ENERGY SOLUTIONFuture Cars0.17%28.79%0.74%
LIFE360 INC-CDISocial Media0.25%24.80%1.18%
PTC INCCloud Computing0.20%24.64%0.87%
SUMMIT THERAPEUTICS PLCGenomics0.19%23.92%0.91%
BEIGENE LTDGenomics0.15%22.73%0.72%
SUMITOMO ELECTRIC INDUSTRIES LTDFuture Cars0.15%21.42%0.96%
TRADE DESK INC/THE -CLASS ADigital Entertainment0.16%20.79%0.83%
GDS HOLDINGS LTDCyber Security0.13%20.34%0.70%
HANSOH PHARMACEUTICAL GROUP COGenomics0.23%18.82%1.35%
RIOT PLATFORMS INCBlockchain0.17%18.67%1.03%
TERAWULF INCBlockchain0.14%17.81%0.89%
ORACLE CORPCloud Computing0.16%16.07%1.06%
EVOLUTION ABDigital Entertainment0.10%16.07%0.81%
HUT 8 CORPBlockchain0.14%16.00%1.05%
CIPHER MINING INCBlockchain0.13%14.23%1.09%
HEXAGON AB CLASS BRobotics & Automation0.07%13.44%0.68%
NVIDIA CORPRobotics & Automation0.12%12.58%0.99%

Source of all data: Solactive. Past performance is no guarantee of future performance.

Equal Weight ETF Performance
As of 31.08.2026

ITEK (Fund)SOLITEK (Index)
1M5.23%5.28%
3M-11.01%-10.94%
6M14.22%14.59%
YTD12.25%12.76%
12M13.93%14.76%
3Y72.48%75.38%
Since Inception (05/10/2018)149.13%157.62%


Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31.08.2026

Performance before inception is based on back-tested data. Backtesting is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such a strategy would have been. Back-tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. 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. When you invest in ETFs your capital is at risk.

* 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.

[1] HANetf; Bloomberg. Data as of 31.07.2025.

[2] https://finance.yahoo.com/news/live/earnings-live-microsoft-meta-stocks-surge-with-more-tech-earnings-from-apple-and-reddit-on-deck-164005468.html

[3] HANetf; Bloomberg. Data as of 31.07.2025.

[4] GinsGlobal Index Funds.

[5] HANetf; GinsGlobal Index Funds. Data as of 31.07.2025.

[6] HANetf; GinsGlobal Index Funds. Data as of 31.07.2025.

[7] GinsGlobal Index Funds; Morningstar.

[8] https://www.reuters.com/business/fed-still-track-september-rate-cut-after-trumps-move-cook-2025-08-26/#:~:text=Financial%20markets%20still%20broadly%20expect,86%25%20probability%20on%20that%20outcome.

[9] https://www.cnbc.com/quotes/US10Y

[10] https://www.mckinsey.com/capabilities/mckinsey-digital/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier

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