Vaneck is delighted via a press release that Sound ETF Vaneck Quantum Computing Ucits has crossed the course of 100 Musd of outstanding in three months. The opportunity to dive into its composition to observe the Ecosystem of Quantum IT on the stock market.
This ETF has 29 positions. There are some heavyweights that have a branch dedicated to quantum computer science, such as Intel, Alphabet, Microsoft or IBM. If the selection gives pride of place in the United States, there are also Samsung Electronics, Deutsche Telekom, Infineon, Fujitsu, Sony, Nokia or Ericsson. More surprising, Boeing, Wells Fargo, Bank of America and Deutsche Telekom are also there. The reason? These companies are interested in various projects, as here at Wells Fargo or there at Boeing (even if the industrialist has obviously not yet exploited the concept of “how quantum computers could help to design planes” cited in the example).
But it is the less known actors of the general public or more specialized who are the most interesting
The first three weights are IONQ (8.6%of the net assets of the ETF), Synopsys (5.8%) and Rigetti (5.1%).
Ionq and rigetti are pure player quantum computer science. This means that the files are paid ultra-cher but are not about to win their first dollar, as heard at the start of the year the voluble boss of Nvidia, Jensen Huang. Synopsys is a more diverse actor and already well in place, which has generated profits for a long time. The fourth position of the ETF, D-Wave (4.96% of the outstanding), also resembles Rigetti and Ionq: no income, huge fundraising and many promises. Quantum Computing (2.2% of the outstanding) also has its place in the ETF as a large former in the sector. Finally, we find in the last ARQIT Quantum weight (0.35% of the outstanding), a promising British company that went to be listed in the United States.
Technically, Vaneck’s thematic ETF is a capitalizing product with physical replication with relatively high costs (0.55%) and significant risk -taking, tempered by the main values of tech, industry and telecoms present in the selection. The euro version is available here.
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