HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) says remote technology trends are now mainstream and unlikely to be replaced post the global Covid-19 vaccination roll-out.
Anthony Ginsberg, Co-creator of The HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK)
It says the behaviour of employees appear changed for good, with many employers committing to only return to office-based settings for part of the week.
ITEK says Cloud computing spending will continue to boom as corporate IT departments reduce their hardware footprint. It says cybersecurity is repeatedly feeding off the remote working trend, and more Cloud technology firms are entering the security space seeking to offer one-stop solutions. These areas are more closely bound than ever before and should track each other’s continued growth.
The ETF also believes Cloud growth outside the US will continue to exceed US growth, especially across Asia, and that growth in Africa will accelerate rapidly.
ITEK also says social media and digital entertainment are scaling up globally too, pointing to the fact that gaming had its most profitable year ever in 2020 with half the industry’s revenue coming from Asia. Online gaming now represents the majority of gaming revenue and ITEK expects Amazon and other Big Tech firms to try to grow this area.
In terms of its other predictions, ITEK believes Big Tech is also likely to become more focused on healthcare across telemedicine, gene editing, wearables/trackers and hospital administration, which has seen an explosion in Cloud usage.
Anthony Ginsberg, Co-creator of The HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK), says: “ITEK has delivered a strong return of 84.95% over the past year, benefiting from fast adoption rates across the Digital Revolution. Our ETF covers eight key subthemes to ensure we capture much of the growth across technology, and the ones that have delivered some of the most impressive growth recently have been Blockchain, Future Cars, and Genomics.
“There are a number of factors that bode well for future growth in tech stocks such as increased spending on Cloud technology, and the Biden Administration’s green energy approach, which will should boost demand for electric vehicle cars.”
The HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK)
HAN-GINS Tech Megatrend Equal Weight UCITS ETF (ITEK) is a UCITS compliant Megatrend ETF domiciled in Ireland. ITEK tracks the Solactive Innovative Technologies Index (Net Total Return), an index of leading companies that are driving innovation in sectors including Robotics & Automation, Cloud Computing & Big Data, Cyber Security, Future Cars, Genomics, Social Media, Blockchain and Augmented & Virtual Reality.
The Solactive Index is managed according to a published, rules-based methodology. It is designed to measure the performance of an investable universe of publicly traded companies that are involved in innovative and disruptive technological trends across a broad range of industries mentioned. To be included, companies must derive a majority of revenue from one of these themes.