Thematic ETF company Roundhill Investments is back with a new sector ETF launching Thursday. Here are the details for investors.
New ETF: The Roundhill IO Digital Infrastructure ETF BYTE is targeting growth opportunities in the digital infrastructure sector.
“Digital infrastructure is comprised of the high-tech physical assets that support the efficient-storage and transmission of data, powering the internet,” according to Roundhill.
Companies that operate in the digital infrastructure include fixed-line, high-speed data transmission technology and hardware, data centers, mobile towers and infrastructure asset companies.
The new ETF will track the IO Digital Infrastructure Index (BYTE Index), a newly formed index from ETF partner IO Digital Index Partners.
Holdings in the fund include American Tower AMT, Altice USA ATUS and Equinix Inc EQIX.
“We believe digital infrastructure is the backbone underpinning the growth of the consumer internet globally,” Roundhill Investments CEO and co-founder Will Hershey said. “Whether you’re playing Roblox, hosting a conference call on Zoom, or trading cryptocurrency, you are relying on the physical infrastructure assets that enable high-speed data transmission.”
The company will seek to provide investors with exposure to growth of the internet along with “the potential for the stability and cash flow profile of hard assets.”
Roundhill ETFs: The launch of BYTE adds another pure play themed ETF to the growing portfolio of Roundhill ETFs.
The company launched Roundhill Ball Metaverse ETF META, the Roundhill Pro Sports, Media & Apparel ETF MVP and Roundhill Streaming Services & Technology ETF SUBZ earlier this year.
META has generated $123 million in assets under management, ranking as one of Roundhill’s biggest ETFs by assets.
The Roundhill Sports Betting & iGaming ETF BETZ was launched in April 2020 and has generated $387 million in assets under management. The ETF is up 40.6% in the last year and is up 65.9% since inception.
The Roundhill BITKRAFT Esports & Digital Entertainment ETF NERD was launched in June 2019 and has $72 million in assets under management.
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