Defiance Quantum Computing ETF (QTUM) Exceeds $400 Million. $QTUM YTD Performance 40%+ By Investing.com
MIAMI, Dec. 13, 2024 (GLOBE NEWSWIRE) — Defiance ETF is pleased to announce that QTUM – Defiance Quantum (NASDAQ:) Computing ETF has reached a milestone, surpassing $400 million in assets under management (AUM) ” evidence of momentum emerging behind quantum computing.
QTUM, up 40%+ YTD as of 12/11/2024, is the first ETF dedicated to quantum computing, giving investors exposure to companies that form the computing backbone of the AI age. With management from industry leaders such as D-Wave Quantum (NYSE: QBTS ), IonQ (NYSE: IONQ ), and Rigetti Computing (NASDAQ: RGTI ), QTUM delivers targeted access to pure-play innovators driving the next era of exponential technology growth .
The underlying index of this quantum computing and machine learning ETF is called the BlueStar Quantum Computing and Machine Learning Index (BQTUM). It tracks approximately 71 globally listed stocks across all market capitalizations.
The rapid adoption of AI technology has created a wave of investment in quantum computing, as these companies provide the computing backbone for next-generation solutions, said Sylvia Jablonski, CEO of Defiance ETFs. QTUM’s strong performance is a testament to the market’s confidence in quantum computing’s ability to transform the technology landscape.
About Defiance ETFs
Defiance ETF is a leading ETF producer specializing in equity, income, and leveraged ETFs, giving investors unique access to emerging and disruptive sectors.
Important Disclosures:
Past performance does not guarantee future results. Fund allocations and industry allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. To see the current list and latest performance click here or visit defianceetfs.com/qtum.
The Fund’s investment objectives, risks, charges, and expenses should be carefully considered before investing. The prospectus and summary 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. A major loss is possible. The Funds are not actively managed and will not sell a security due to current or projected underperformance unless that security is removed from the Index or is required to re-establish the Index. A portfolio that is concentrated in one industry or country may be subject to a higher level of risk. The stock value of information technology companies is highly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition.
The Fund is considered diversified, so it may invest the majority of its assets in the securities of a single issuer or a small number of issuers. Investing in foreign securities involves certain risks including the risk of loss due to foreign currency fluctuations or political or economic instability. This risk is magnified in emerging markets. Small and medium-sized companies are subject to larger and more unpredictable price changes than the securities of large companies.
The possible applications of quantum computing are only in the experimental stages, and the possibilities of recovery are uncertain and may not happen in the near future.
BlueStar Quantum Computing and Machine Learning Index™, BQTUM™ Index (collectively Quantum Computing and Machine Learning Index”), is the exclusive property and trademark of BlueStar Global Investors LLC d/b/a BlueStar Indexes ® and licensed for use for certain purposes by Defiance ETFs LLC Products based on 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 ® do not make any representations regarding trading advice in such product It is not possible to invest directly in the index.
QTUM is distributed by Foreside Fund Services, LLC.
Contact information
Defiance ETFs
David Hanono
833.333.9383
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Defiance Quantum Computing ETF (QTUM) Exceeds $400 Million. $QTUM YTD Performance 40%+
QTUM, up 40%+ YTD as of 12/11/2024, is the first ETF dedicated to quantum computing, giving investors exposure to companies that form the computing backbone of the AI age. With management from industry leaders such as D-Wave Quantum (NYSE: QBTS ), IonQ (NYSE: IONQ ), and Rigetti Computing (NASDAQ: RGTI ), QTUM delivers targeted access to pure-play innovators driving the next era of exponential technology growth .
Source: Defiance ETFs
