- Slice of Manufacturing
- Posts
- VanEck Launches New Fabless Semiconductor ETF (SMHX)
VanEck Launches New Fabless Semiconductor ETF (SMHX)
Slice of Manufacturing Team
September 03, 2024
Key Highlights:
VanEck introduces SMHX, targeting fabless semiconductor companies.
SMHX tracks the MarketVector™ US Listed Fabless Semiconductor Index.
Focuses on companies driving innovation in chip design, leveraging outsourced manufacturing.
Source (Business Wire)
Notable Quote:
"The global semiconductor space has been going through a transformational period in recent years, as demand has spiked alongside advancements in generative AI and other fast-moving technologies."
Our Take:
VanEck’s launch of the SMHX ETF is a strategic move that aligns with the growing demand for specialized exposure to the semiconductor industry. As the semiconductor space continues to evolve, driven by advancements in AI and other emerging technologies, fabless companies are at the forefront of innovation. By focusing on design and development, these companies can respond swiftly to market demands without the burden of manufacturing overhead. SMHX provides investors with a targeted opportunity to capitalize on the agility and R&D focus of fabless semiconductor firms, making it a compelling addition to a diversified equity portfolio.