Tech Megatrends ETF Report | June 2025

Equal Weight ETF Key Takeaways

  • ITEK gained 8.22% in May as markets rebounded with positive Tech earnings and tariff delays.
  • ITEK now up 18.37% on a 1Y basis despite recent volatility.
  • Potential tailwinds for ITEK include weaker US dollar and falling US inflation – latest CPI.
  • Trump’s tariffs focus on goods, not services – barely impacting most ITEK holdings.
  • Big Tech exceeds Q1 earnings, boosting market recovery and gains.
  • Global holdings boost ITEK gains – US weighting drops.
  • Global mix: US 53.4%, China 13.7%, Japan 9.3%, Australia 3.6%, Canada 2.5%.
  • ITEK diversified equal weight approach helping gains – unlike more Mag7-heavy IT/Nasdaq indices.
  • Top 10 holdings represent only 11.5% weight; Nasdaq’s narrow concentration approaching 50% for Top 10.
  • Best May subtheme returns – Blockchain 17% up, Cloud 10.6%, Digital Entertainment & Social Media both 9.3%.
  • ITEK’s overall P/E valuation at 18.5X, remains hugely discount versus Nasdaq 100 & Mag7 levels, above 30X.
  • Top 15 leaders for each Megatrend subtheme – all established firms.
  • Buying opportunity at these levels – access leading Global Tech companies.
  • ITEK positioned for broader Tech rally beyond mega-caps.
  • Mega-Cap weight below 8% (Nasdaq 48%).
  • Beyond Tariffs more business friendly Trump Presidency expected to lower taxes and boost Tech M&A space.
  • ITEK global mandate positive as tech convergence globalises – unlike most US centric Tech Indices/Funds.
  • 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 data: Gins Global / Bloomberg as of 31/05/2025. Additional sources available upon request. Please note that all performance figures are showing net data. Past performance is not indicative of future performance and when you invest in ETFs, your capital is at risk.

Macro Outlook

  • Middle East turmoil may end soon, which would boost markets. Oil price muted.
  • Lower oil price will help US Fed lower interest rates – still likely twice in 2025.
  • US oil fracking boom provides economic buffer in response to Middle East tensions.
  • Trump 90-day Tariff pause – may be extended for leading US trade partners.
  • Reduction in China Tariffs, helps our global Tech holdings.
  • ITEK benefits from Bond yields declining – 10yr Treasury yields below 4.4%.
  • Rising jobless claims and lower wholesale prices – likely 2 Fed rate cuts still in 2025.
  • Trump deregulation and business-friendly policies helps ITEK – positive new US Tax bill.
  • ITEK holdings at cheapest valuations since COVID, average PE at just 18X.
  • ITEK holdings remain very undervalued versus Magnificent 7.
  • Earnings beats for ITEK remain positive – 13% earnings growth in Q1 for S&P 500.
  • Trump’s Silicon Valley embrace bodes well for Tech.
  • Tariffs ignite demand for Robotics & Automation – US onshoring grows.
  • US tariffs having immaterial impact on Tech software & 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.
  • DOGE – more US Government outsourcing of IT services including Cloud, AI, Cybersecurity likely.
  • Fed rate cuts in 2025 – boosting Tech values broadly, beyond just Mag7.
  • Broadening out of Tech gains beyond Mag7 – influx of capital into US Tech continues.
  • Less red-tape and possible lower taxes also helpful!
  • Over $2.6tn spending in AI expected within decade; potentially boosting Cloud spending to $3.5bn+ too.
Subtheme Returns – May
ContributionContribution (%)Average Return (%)Sum of Weight (%)
Blockchain1.85%16.99%12.65%
Robotics & Automation0.82%6.82%11.95%
Genomics0.06%0.65%12.02%
Cyber Security0.85%7.14%12.48%
Future Cars1.00%8.09%12.58%
Digital Entertainment1.21%9.27%13.70%
Cloud Computing1.28%10.60%12.30%
Social Media1.17%9.33%12.31%
Total8.25%

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

Largest Contributors – May
HOLDINGSIndex CategoryContribution (%)Return(%)Average Weight (%)
NEBIUS GROUP NVCyber Security0.39%61.68%0.87%
LIFE360 INC-CDISocial Media0.46%51.91%1.05%
TRADE DESK INC/THE -CLASS ADigital Entertainment0.28%40.26%0.83%
CLOUDFLARE INC – CLASS ACloud Computing0.28%37.35%0.84%
IRIS ENERGY LTDBlockchain0.25%37.32%0.80%
BITDEER TECHNOLOGIES GROUPBlockchain0.24%34.38%0.91%
SUMITOMO ELECTRIC INDUSTRIES LTDFuture Cars0.26%32.63%0.87%
CORE SCIENTIFIC INCBlockchain0.21%31.48%0.75%
ROBLOX CORPDigital Entertainment0.28%29.72%1.03%
TENCENT MUSIC ENTERTAINMENT – CLASS ADigital Entertainment0.26%27.90%1.06%
ROCKWELL AUTOMATION INCRobotics & Automation0.21%27.40%0.86%
TERAWULF INCBlockchain0.16%26.98%0.71%
MICROCHIP TECHNOLOGY INCRobotics & Automation0.18%25.95%0.79%
NVIDIA CORPRobotics & Automation0.19%24.06%0.85%
HUT 8 CORPBlockchain0.18%23.09%0.86%
PINTEREST INCSocial Media0.14%22.87%0.68%
TESLA INCFuture Cars0.20%22.79%0.92%
ZSCALER INCCyber Security0.23%21.90%1.05%
BIT DIGITAL INCBlockchain0.15%21.65%0.77%
COINBASE GLOBAL INC -CLASS ABlockchain0.18%21.55%0.92%
DELL TECHNOLOGIES INC – CCloud Computing0.17%21.26%0.86%
MEITU INCSocial Media0.20%20.48%1.04%
META PLATFORMS INCSocial Media0.13%17.94%0.78%
LI AUTO INC-CLASS AFuture Cars0.12%17.90%0.76%
ORACLE CORPCloud Computing0.13%17.63%0.79%
APTIV PLCFuture Cars0.13%17.09%0.83%
MICROSOFT CORPCloud Computing0.15%16.47%0.94%
NEXON CO. LTDDigital Entertainment0.16%16.35%1.05%
DATADOG INCCloud Computing0.12%15.39%0.81%
TEXAS INSTRUMENTS INCFuture Cars0.10%14.25%0.76%
CORTEVA INCGenomics0.13%14.21%0.89%
NETEASE INCDigital Entertainment0.13%14.19%0.96%
GALAXY DIGITAL HOLDINGS LTDBlockchain0.14%13.69%1.15%

Equal Weight ETF Performance
As of 31.07.2026

ITEK (Fund)SOLITEK (Index)
1M-7.67%-7.66%
3M0.25%0.37%
6M3.46%3.71%
YTD6.67%7.10%
12M13.00%13.82%
3Y46.59%49.02%
Since Inception (05/10/2018)136.74%144.69%


Please note that all performance figures are showing net data. Source: Bloomberg / HANetf. Data as of 31.07.2026

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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