Tech Megatrends ETF Report | May 2025

Equal Weight ETF Key Takeaways

  • ITEK gained 3.8% amidst Trump Tariff delays and positive Tech earnings.
  • ITEK remains positive over 1Y, up 13.3% – despite recent volatility.
  • Trump’s tariffs focus on goods, not services – barely impacting most ITEK holdings.
  • Big Tech exceeds Q1 earnings, boosting market recovery & gains.
  • ITEK diversified equal weight approach helping gains – unlike more Mag7 heavily weight IT/Nasdaq indices.
  • Top 10 holdings represent only 13% weight; Nasdaq very narrow concentration approaching 50% for Top 10.
  • Best April subtheme returns – Blockchain, Cybersecurity, Digital Entertainment & Social Media.
  • ITEK’s overall P/E valuation at 18X, remains hugely discount versus Nasdaq 100 & Mag7 levels, above 30X.
  • Potential buying opportunity at such low levels – access leading Global Tech companies.
  • Top 15 leaders for each Megatrend subtheme – all established firms.
  • Global holdings boost ITEK as US weighting drops.
  • ITEK potentially well positioned for broader Tech rally beyond Mega-Caps.
  • Mega-Cap weight below 8% (Nasdaq 48%).
  • Potential tailwinds for ITEK include weaker US$ & falling US inflation – latest CPI.
  • Beyond Tariffs more business-friendly Trump Presidency expected to lower taxes & 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.
  • Global mix: US 54.0%, China 14.0%, Japan 9.5%, Australia 3.2%, South Korea 2.7%.

Source of all data: Gins Global / Bloomberg as of 30/04/2025. 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

  • Trump 90-day Tariff pause – boosts April & May stock rebound.
  • Reduction in China Tariffs, helps global Tech holdings.
  • Trump deregulation & 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 potentially bodes well for Tech.
  • Tariffs ignites demand for Robotics & Automation – US onshoring grows.
  • US Tariffs have 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 Govt outsourcing of IT services including Cloud, AI, Cybersec 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 & possible lower taxes also helpful!
  • Over $2.6tn spending in AI expected within the decade, potentially boosting Cloud spending to $3.5bn+ too.

Subtheme Returns – April

Contribution

Contribution (%)

Average Return (%)

Sum of Weight (%)

Blockchain

1.56%

13.39%

11.23%

Robotics & Automation

0.12%

-1.28%

11.96%

Genomics

-0.23%

-2.43%

13.16%

Cyber Security

0.61%

4.16%

12.52%

Future Cars

-0.08%

-2.52%

12.74%

Digital Entertainment

1.39%

8.13%

13.92%

Cloud Computing

0.11%

0.62%

12.17%

Social Media

0.32%

2.26%

12.30%

Total

3.80%

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

Largest Contributors – April

HOLDINGSIndex CategoryContribution (%)Return
(%)
Average Weight (%)
GALAXY DIGITAL HOLDINGS LTDBlockchain0.33%44.50%0.76%
TOYOTA INDUSTRIES CORP ORDRobotics & Automation0.35%31.92%1.00%
OSL GROUP LTDBlockchain0.28%29.20%1.16%
TRUMP MEDIA & TECHNOLOGY GROUP CORPSocial Media0.19%25.59%0.84%
SUMMIT THERAPEUTICS PLCGenomics0.22%25.04%1.06%
CIPHER MINING INCBlockchain0.13%23.91%0.59%
BITFARMS LTD/CANADABlockchain0.17%23.01%0.69%
GRINDR INCSocial Media0.21%22.74%0.99%
CROWDSTRIKE HOLDINGS INCCyber Security0.18%21.64%0.92%
CLEANSPARK INCBlockchain0.17%21.58%0.93%
NETFLIX INCDigital Entertainment0.19%21.36%0.95%
COINBASE GLOBAL INC -CLASS ABlockchain0.13%17.80%0.80%
NINTENDO CO LTDDigital Entertainment0.19%17.01%0.93%
MARATHON DIGITAL HOLDINGS INCBlockchain0.13%16.26%0.86%
KONAMI GROUP CORPDigital Entertainment0.19%15.76%1.02%
ROBLOX CORPDigital Entertainment0.13%15.03%0.90%
ZSCALER INCCyber Security0.13%13.99%0.97%
BALTIC CLASSIFIEDS GROUP-WISocial Media0.14%13.14%0.92%
CAPCOM CO LTDDigital Entertainment0.17%12.96%1.02%
TAKE-TWO INTERACTIVE SOFTWARE INCDigital Entertainment0.11%12.58%0.95%
CORE SCIENTIFIC INCBlockchain0.07%11.88%0.62%
SPOTIFY TECHNOLOGY SADigital Entertainment0.10%11.63%0.88%
REDDIT INCSocial Media0.07%11.12%0.61%
KRAFTON INCDigital Entertainment0.14%11.06%1.04%
LIFE360 INC-CDISocial Media0.11%10.75%0.81%
NEXON CO. LTDDigital Entertainment0.15%10.05%1.04%

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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