HANetf celebrates 5th anniversary of its tech megatrends and cloud technology ETFs

  • HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ticker: ITEK) and HAN-GINS Cloud Technology Equal Weight UCITS ETF (ticker: SKYY) are celebrating their fifth anniversary.
  • ITEK provides equal-weighted exposure to the disruptive technology companies in “Industry 4.0” that are changing the world through global megatrends.
  • SKYY provides equal-weighted access to companies with significant exposure to cloud computing technology.
  • Both ITEK and SKYY are classified as SFDR Article 8.

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October 2023 London

HANetf Europe’s first and only independent white-label UCITS ETF and ETC platform and leading provider of digital asset ETPs is delighted to announce that HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ticker: ITEK) and HAN-GINS Cloud Technology Equal Weight UCITS ETF (ticker: SKYY) have passed their fifth anniversaries. [1]

Launched on London Stock Exchange on 10th October 2018 ITEK provides equal weight access to companies that are driving innovation in eight sub-sectors including Robotics & Automation Cloud Computing & Big Data Cyber Security Future Cars Genomics Social Media Blockchain and Digital Entertainment. Since listing the ETF has seen its assets under management (AuM) grow to $75 million. [2]

SKYY launched on the same day and provides exposure to cloud technology companies across three subthemes: Infrastructure as a Service (IaaS) Platform as a Service (PaaS) and Software as a Service (SaaS). The ETF has since grown to over $15 million AUM. [3]

Both ETFs are equally weighted avoiding concentration in larger stocks and allowing for greater global coverage. For example ITEK’s US exposure is around 59.1% and SKYY’s 77.8% compared to the Nasdaq’s ~97%. Similarly ITEK’s top three holdings account for ~30% of the index versus the Nasdaq’s at ~30%. The equal weighting methodology also reduces large cap exposure.

In addition to this both ITEK and SKYY are classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR) -which is significant given the string of declassifications that occurred at the beginning of 2023. SKYY is also the only Article 8 cloud technology ETF. [45]

The launch of ITEK and SKYY the second and third ETFs on HANetf’s platform marked a major milestone in the company’s development.

Anthony Ginsberg CEO of GinsGlobal Index Funds comments: “Our tech megatrend and cloud technology ETFs have seen significant growth over the past five years. Tech Innovation is converging across AI Cloud Social Media Digital Entertainment and EVs. The aim of our global and equal weighted benchmarks ensure diversified exposure — we capture the full cloud ecosystem across 100 holdings. For ITEK our 120 holdings represent 15 leaders across eight key digital subthemes: AI-Robotics Cybersecurity Cloud Social Media Digital Entertainment Future Cars Genomics and Blockchain.

“Our ETFs represent the explosive growth and spending across the Fourth Industrial Revolution. This has been fast-tracked by AI services such as ChatGPT and BARD being integrated into the Cloud. Cloud adoption is the fastest lowest-cost way for corporates to run AI and Machine-Learning tools. We expect sizable M&A corporate activity -following the $75bn Microsoft-Activision Gaming deal and $25bn Cisco-Splunk deal recently.”

Hector McNeil Co-CEO and Co-Founder of HANetf comments: “We are delighted to be celebrating the 5th anniversaries of HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ticker: ITEK) and HAN-GINS Cloud Technology Equal Weight UCITS ETF (ticker: SKYY). These innovative equal weighted tech funds brought our total number of ETFs to three and set the stage for a wide array of ETPs over the following 5 years.

“HANetf is committed to launching new and exciting pure-play thematic products for investors. Both these ETFs are also classified as SFDR Article 8 and factor in environmental and social considerations as part of their index methodologies.”

All performance figures are showing net data. Past performance is not indicative of future performance and when you trade ETFs your capital is at risk.

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