Global X, the US exchange-traded fund arm of Mirae Asset Global Investments, has launched an ETF focused on multilayer ceramic capacitors and other electronic components benefiting from the rapid expansion of AI infrastructure.
The Global X MLCC & Electronic Components ETF began trading Friday on the Cboe BZX Exchange. The actively managed fund invests in manufacturers of MLCCs, essential components used to regulate power and filter electrical signals in AI servers, electric vehicles, smartphones and other electronic devices.
As increasingly powerful AI servers require more electricity and electronic components, Global X expects MLCC demand to grow sharply. The fund seeks to capture that growth through equities and total return swaps.
It also gives US investors access to Northeast Asian manufacturers, which account for about 85 percent of the global MLCC market, through a single investment vehicle.
Its largest holdings include Japan’s Murata Manufacturing, TDK Corp. and Taiyo Yuden; Korea’s Samsung Electro-Mechanics; and Taiwan’s Yageo Corp.
“Our goal has always been to identify structural trends before they go mainstream,” Global X CEO Ryan O’Connor said. He described the fund as the latest addition to the company’s expanding range of AI-related investment products.
“With its concentrated approach, we believe MLCC could offer investors a targeted way to harness this wave of AI-driven growth,” O’Connor said.
Known for its thematic ETFs, Global X now offers nine AI-focused funds covering areas including infrastructure, electrification, robotics, semiconductors, cybersecurity and data centers. Its lineup also provides exposure to commodities tied to AI infrastructure development, including uranium, copper and natural gas.
silverstar@heraldcorp.com
