Meet the Unstoppable Memory ETF With 74.7% of Its Portfolio Parked in Micron, Samsung, and SK Hynix
This ETF launched in April, and it has already more than doubled.
Overview
The stock market is having a good year. The Nasdaq-100 technology index is up 17%, while the more diversified S&P 500 has gained 9%. But at the start of April, Roundhill Investments launched a new exchange-traded fund (ETF) that has already risen 121%.
It's called the Roundhill Memory ETF (NYSEMKT: DRAM), and as the name suggests, it exclusively invests in semiconductor companies that design, manufacture, and distribute memory chips and components. There is currently a global shortage of memory due to substantial demand from the artificial intelligence (AI) industry, which is fueling a surge in revenue and earnings for almost every top supplier.
Details
But despite the memory industry's obvious tailwinds, this ETF isn't a clear-cut buy. Here's what investors need to know.
Source
Originally published at www.fool.com.