Tech Megatrends ETF Report | February 2026

Equal Weight ETF Key Takeaways

  • ITEK gained 3.3% in January, following a 19.1% return for 2025.
  • While Mag7 stocks underperformed our Equal Weighting helped boost gains over previous month.
  • Global Diversification boosts gains – currently US 56.7%, China 11.1%, Japan 9.2%, S. Korea 3.4%, Israel 3.1% over previous month.
  • Lower US rates – buying opportunity ITEK positioned for broader Tech rally, beyond Mega-Caps.
  • Fast adoption of AI – boosting Cloud Computing, AI & Cybersecurity spend. Record AI data-centre build-out.
  • Impressive 4th quarter Tech earnings & lower US Tariffs – positive for broader Tech holdings.
  • Tailwinds for ITEK – low US inflation, more Fed rate cuts and weak US$.
  • Best performing sector is no longer AI. See top gainers across multiple Tech themes
  • ITEK’s overall P/E valuation below 21X, remains significantly below Nasdaq 100 & Mag7 levels (both above 30X).
  • Top 10 holdings represent only 13.8% weight versus Nasdaq’s narrowness exceeding 50% for Top 10.
  • Best January themes: Defence Tech up 21.8%, Blockchain up 6.8%, AI-Robotics 5.5%,.
  • Cybersecurity remains undervalued and a big beneficiary of AI adoption and corporate tech budget spend.
  • Business-friendly Trump Presidency lowering taxes, big fiscal stimulus Capex benefits, boosting Tech M&A.
  • Equal weight across 10 subthemes.
  • Added 2 new subthemes Quantum Computing & Defence Tech. 140 Total ITEK Holdings now.
  • Diversified Equal weight – ensures ITEK benefits from Global Tech convergence gains.

Source of all performance data: HANetf; Bloomberg as of 31.01.2026. Past performance is not indicative of future performance and when you invest in ETFs your capital is at risk.

Macro Outlook

  • Almost $3tn spending in AI within decade; boosting Cloud spending to $3.5tn+.
  • US Economy remains resilient, 3.5% GDP possible in 2026.
  • Weaker US$ boosting foreign earnings & exports for bigger Tech players.
  • Latest US Trade deals with Japan, India & S. Korea – good for many US Tech leaders.
  • Tailwind for growth stocks – Fed rate cuts expected shortly & lower inflation.
  • Trump reducing tariffs and doing more trade deals, possibly limiting inflation impact.
  • Business friendly US policies – lowering taxes & increased investment buildout & onshoring.
  • Impressive 4th quarter Tech earnings – many remain at relatively low P/E ratio multiples.
  • AI Convergence across Tech – positive for Cloud, social media, Gaming, Future Cars & Cybersecurity.
  • Tech gains broadening beyond Mag7 – benefits from global tech adoption rates.

Subtheme Returns – January

ContributionContribution (%)Average Return (%)Sum of Weight (%)*Count*
AI & Robotics0.72%5.47%11.77%15
Blockchain1.02%6.75%11.23%15
Cloud Computing-0.98%-9.39%10.16%15
Cyber Security0.20%1.20%10.12%15
Defence Technology2.80%21.76%12.65%15
Digital Entertainment-0.67%-8.71%8.37%15
Future Cars0.40%3.87%10.91%15
Genomics0.26%1.96%10.96%15
Quantum Computing-0.40%-9.73%4.15%5
Social Media-0.09%-2.80%9.69%15
Total3.27%

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

Largest Contributors – January

HOLDINGSIndex CategoryContribution (%)Return
(%)
Average Weight (%)
SATREC INITIATIVE CO LTDDefence Technology1.73%186.44%1.64%
ASTROSCALE HLDG ORDDefence Technology0.44%64.74%0.82%
REDWIRE CORPDefence Technology0.33%54.61%0.83%
MDA SPACE LTDDefence Technology0.20%44.26%0.50%
IRIS ENERGY LTDBlockchain0.43%42.28%1.31%
GDS HOLDINGS LTDCyber Security0.24%34.18%0.80%
INTEL CORPAI & Robotics0.28%25.93%1.25%
GALAXY DIGITAL INCBlockchain0.18%25.28%0.82%
TEXAS INSTRUMENTS INCFuture Cars0.15%24.24%0.64%
CORE SCIENTIFIC INCBlockchain0.17%23.56%0.83%
MEDIATEKAI & Robotics0.16%23.08%0.74%
RIOT PLATFORMS INCBlockchain0.14%22.10%0.80%
TELEDYNE TECHNOLOGIES INCAI & Robotics0.14%21.45%0.72%
RASAN INFORMATION TECHNOLOGY ORDSocial Media0.17%20.79%0.86%
RENESAS ELECTRONICS CORPFuture Cars0.18%20.37%0.85%
MICROCHIP TECHNOLOGY INCAI & Robotics0.13%19.15%0.76%
ALIBABA GROUP HOLDING LTDCloud Computing0.16%18.49%0.93%
AVIO SPADefence Technology0.20%18.06%1.17%
INTUITIVE MACHINES INCDefence Technology0.22%17.01%1.49%
CLEANSPARK INCBlockchain0.13%17.00%0.88%
CACI INTERNATIONAL INC -CL ACyber Security0.13%16.47%0.85%
SATREC INITIATIVE CO LTDDefence Technology1.73%186.44%1.64%
ASTROSCALE HLDG ORDDefence Technology0.44%64.74%0.82%
REDWIRE CORPDefence Technology0.33%54.61%0.83%

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.

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