Vancouver –News Direct– HANetf
Anthony Ginsberg, CEO of Gins Global Index Fund, provided an update on the Tech Megatrend ETF in an interview with Proactiv’s Steve Darling.
The Tech Megatrend ETF rose a whopping 11% in November, bringing its year-to-date gain to nearly 30% on the back of the Federal Reserve’s policy suspension and expectations for lower interest rates. Ginsburg highlighted the global convergence of technology megatrends including cybersecurity, cloud robotics, AI, and blockchain.
In particular, new AI revenue is expected to reach $2 trillion in the coming years, boosting sectors such as cloud, gaming, and social media. Megatrends ETF’s equal-weighted approach, which covers eight sub-themes with semi-annual rebalancing, has proven successful in avoiding over-reliance on particular winners. . The interview also touched on the influence of major companies such as Microsoft driving AI development, and the broader impact of AI across a variety of industries, from outsourcing to data centers.
Ginsburg also discussed the importance of chips in electric vehicles, viewing them as “computers on wheels.” The semiconductor industry will benefit from onshoring and government spending on EV infrastructure. Overall, technology megatrends continue to be promising, driven by global convergence and significant advances in AI and related technologies.
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