BetaShares S&P/ASX Australian Technology ETF (ATEC), which provides exposure to a range of tech-related market segments, listed on 5 March 2020 before falling nearly 40% to a low on 23 March.
ATEC has rallied ~80% in the 3 months since the market bottomed, largely due to Afterpay Limited (APT) and its increase of ~560% over this period. APT has grown to be the largest holding in ATEC with a weight of 15.5% as at 23 June. ATEC increased the units outstanding by ~155% during May and is likely to see further strong inflows as investors seek growth that has been underrepresented in the broad market domestic ETFs.
For full details refer to the detailed report below or click here to download your copy.
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