Global X Launches DRAM ETF to Track AI Memory Chips
Seven new ETFs began trading on the TSX today, including a fund targeting artificial intelligence memory semiconductors.
Key points
- Global X launched seven new ETFs on the TSX today, including four equity and three fixed income funds.
- The new DRAM fund targets AI memory semiconductors with a 0.49 percent management fee.
- The ACHP fund provides exposure to Asian semiconductor leaders, also charging a 0.49 percent fee.
Seven new exchange traded funds began trading on the Toronto Stock Exchange today. The launch includes a dedicated fund for artificial intelligence memory chips.
Global X introduced the funds to expand access to AI infrastructure and Asian semiconductors. This move adds four equity funds and three fixed income products to the lineup.
AI Memory Fund Targets Data Storage
The DRAM fund tracks companies producing memory and storage solutions. This addresses a critical layer of the AI infrastructure stack.
The underlying index includes firms involved in solid state and hard disk drives. Management fees for this specific fund are set at 0.49 percent.
Global X argues that data movement speed is essential for chip performance. This fund targets the hardware that supplies data to advanced processors.
Asian Semiconductor Exposure Expands
The ACHP fund provides access to Asian semiconductor design and production leaders. It covers companies in both developed and emerging markets.
This fund carries the same 0.49 percent management fee as the DRAM product. It focuses on the broader value chain of chip manufacturing.
Broad Market and Bond Options
The KORX fund tracks the KOSPI 200 index in South Korea. Its management fee is lower at 0.45 percent.
The CNDC fund offers broad Canadian equity exposure with a 0.05 percent fee. Three additional fixed income funds complete the new lineup.
