Global X debuts ETF targeting key MLCC manufacturers
Global X, the New York-based provider of exchange-traded funds (ETFs), announced Tuesday the launch of a new fund that seeks to invest in the manufacturers of multilayer ceramic capacitors (MLCCs) and related components. A key building block of many modern electronic devices, MLCCs are used in artificial intelligence (AI) servers, electric vehicles, smartphones and other items. Roughly 85 percent…
Global X, a New York-based exchange-traded fund provider, unveiled a new fund on Tuesday aimed at investing in multilayer ceramic capacitor (MLCC) manufacturers and associated components. These MLCCs serve as crucial building blocks in various modern electronic devices, including AI servers, electric vehicles, smartphones, and more.
Roughly 85 percent of the global MLCC industry is concentrated in the hands of five manufacturing companies located in Japan, Korea, and Taiwan. The Global X MLCC & Electronic Components ETF offers exposure to these five key companies, which can prove challenging for U.S. investors to access through direct investment in U.S.-listed shares.
Pedro Palandrani, Global X's head of product research & development, noted that MLCC manufacturers play a pivotal role in the AI supply chain and can be difficult to access through U.S.-listed shares. Global X has a history of creating thematic ETFs, such as its AI and technology ETF.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Global X debuts ETF targeting key MLCC manufacturers koreatimes.co.kr
