$QTUM, Defiance’s Quantum Computing ETF, Surpasses $200 Million in Assets
MIAMI, January 23, 2024--(BUSINESS WIRE)--Defiance ETFs, a leading ETF sponsor dedicated to income and thematic investing, is delighted to announce that the Quantum Computing ETF (QTUM) has surpassed $200M in Assets Under Management (AUM).
Quantum computing, a revolutionary technology poised to redefine computing and data processing, is experiencing rapid growth. In 2023, the quantum computing market surpassed the $10.13 billion mark and is projected to expand at an annual growth rate of 36.89% through 2030.1 Quantum computing's influence spans numerous industries, including healthcare, finance, logistics, and energy, due to its exceptional data processing capabilities and potential to drive supercomputing into the mainstream.
Sylvia Jablonski, CEO and Chief Investment Officer at Defiance ETFs, remarked, "Reaching this milestone highlights the escalating interest and confidence in quantum computing as a pivotal force in technology's future. While AI and machine learning continue to play significant roles, the integration and advancement of quantum computing are what truly signify a monumental shift in technological capabilities."
QTUM holds 71 globally-listed stocks and tracks a rules-based index that provides exposure to the next generation of disruptive technology, offering investors with access to quantum computing, artificial intelligence, and machine learning. Considered by experts as the next frontier in technological breakthroughs, quantum computing encompasses the tools necessary for high speed data processing and storage. From mega corporations to private companies, awareness for the importance of quantum computing continues to grow in an effort to enhance risk management, cybersecurity, materials science, energy, and logistics.
About Us
Founded in 2018, Defiance stands as a leading ETF sponsor dedicated to income and thematic investing. Our actively managed options ETFs are designed to enhance income while our suite of first-mover thematic ETFs empower investors to express targeted views on dynamic sectors leading the way in disruptive innovations, including artificial intelligence, machine learning, quantum computing, 5G, hydrogen energy, and electric vehicles.
1 Precedence Research. "Computing Market Size To Surpass USD 125 Bn By 2030" https://www.precedenceresearch.com/quantum-computing-market
Important Disclosures:
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
The Funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contain this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. The Funds are not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single industry or country may be subject to a higher degree of risk. The value of stocks of information technology companies are particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition.
The Fund is considered to be non-diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. This risk is magnified in emerging markets. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies.
The possible applications of quantum computing are only in the exploration stages, and the possibility of returns is uncertain and may not be realized in the near future.
The "BlueStar Quantum Computing and Machine Learning Index™", "BQTUM™ Index" (collectively "Quantum Computing and Machine Learning Index"), is the exclusive property and a trademark of BlueStar Global Investors LLC d/b/a BlueStar Indexes® and has been licensed for use for certain purposes by Defiance ETFs LLC. Products based on the Quantum Computing and Machine Learning Index are not sponsored, endorsed, sold or promoted by BlueStar Global Investors, LLC or BlueStar Indexes®, and BlueStar Global Investors, LLC and BlueStar Indexes® makes no representation regarding the advisability of trading in such product(s). It is not possible to invest directly in an index.
QTUM is distributed by Foreside Fund Services, LLC.
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Contacts
Frank Taylor
(646) 808-3647
defiance@dlpr.com
