NTDOY - VanEck launches new smart-home ETF in London

VanEck has launched the London-listed VanEck Vectors Smart Home Active UCITS ETF "CAVE", which provides the investment community with an opportunity to gain exposure to the rapidly developing smart-home technology ecosystem. "The home of the future is digital, connected and, above all, intelligent. It changes the way we shop, work, communicate and entertain from home," Martijn Rozemuller, CEO of VanEck Europe, said in unveiling the new fund. The actively managed fund tracks a total of 57 stocks across 13 countries and seven sectors. From a company-weighting vantagepoint, Amazon (NASDAQ:AMZN) is the ETF's top holding with a 3.24% allocation, followed by Nintendo (OTCPK:NTDOY) and Prosus N.V. (OTCPK:PROSY), weighted at 2.95% and 2.86%, respectively. The United States and Germany are the two regions that represent the most significant exposure at 67.3% and 7.8%. Moreover, from a sector standpoint, CAVE has three predominant areas of focus: communication services, which makes up 28.4% of

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VanEck launches new smart-home ETF in London