Global X debuts ETF targeting key MLCC manufacturers

Global X, a New York-based ETF provider, unveiled an innovative fund on Tuesday aimed at investing in the manufacturers of multilayer ceramic capacitors (MLCCs) and related electronic components. These MLCCs, essential building blocks of numerous modern electronic devices such as AI servers, electric vehicles, and smartphones, constitute roughly 85 percent of the global MLCC industry, with five major manufacturers primarily based in Japan, Korea, and Taiwan.

The Global X MLCC & Electronic Components ETF provides U.S. investors with a unique opportunity to gain exposure to these key companies, which can be challenging to access directly through U.S.-listed shares. This ETF encompasses the portfolios of Murata Manufacturing, Samsung Electro-Mechanics, Yageo Corp., TDK Corp., and other prominent players in the industry.

Pedro Palandrani, Global X's head of product research & development, emphasized the crucial position of these manufacturers in the AI supply chain, stating that they can be difficult to access directly through U.S.-listed shares. Global X has gained recognition for its thematic ETFs, including groundbreaking innovations like its AI and technology ETF.