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The fund added to its position in Anthropic, a company that builds artificial intelligence models. This move gives the ETF the largest exposure to the startup of any fund listed in the U.S. as Anthropic prepares for an initial public offering, which is the first time a private company sells its shares on the open market.
While this fund focuses on optics and light-based technology, it is using this stake to bet on the computing power behind AI. If the eventual public listing is successful, it could provide a lift to the fund's total value that is separate from its usual focus on laser sensors and hardware.
Source: GlobeNewsWire
Tema has appointed Anders Storm as an expert advisor for this fund. Storm is the current head of Dirac Research and formerly led Sivers Semiconductors, bringing deep industry experience to a fund that picks stocks in the specialized photonics and optics markets.
For an actively managed fund, the quality of its advisors matters because they help identify which technical leads are real and which are hype. Storm's background in semiconductors and audio technology should help the fund navigate a sector where hardware breakthroughs often drive stock performance.
Source: Business Wire
The focus of AI investing is expanding beyond just the chips that process data to the hardware that moves and stores it. Photonics, which uses light instead of electricity to transmit information, is becoming a key area of interest because it helps solve bottlenecks in how fast data can travel between servers.
For a specialized fund like this one, the shift is a double-edged sword. While it brings more attention and money into the sector, these concentrated funds can be more volatile than the broader market. This means the price of the ETF may swing more sharply than a general tech fund as people try to pick the winners in these specific sub-sectors.
This ETF has taken a large stake in Anthropic, a major AI company that is not yet traded on the public stock market. By using a special investment vehicle, the fund now holds about 12 percent of its total assets in this one private startup.
This is a significant move because it changes what you are actually buying when you own this ETF. Instead of just owning public companies that make optical parts and lasers, you now have a large bet on a private AI developer. While this offers a rare way for regular people to own a piece of a high-profile startup, it also makes the fund's performance heavily dependent on the success and valuation of a single private business.
Source: Business Wire
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