FRANKFURT, Germany (August 29, 2024) – MarketVector IndexesTM (“MarketVector”) announces the licensing of the MarketVectorTM US Listed Fabless Semiconductor Index (MVSMHX) to VanEck. This index will serve as the benchmark for VanEck’s newly launched VanEck Fabless Semiconductor ETF (SMHX), a fund focused on companies that design and develop semiconductors while outsourcing their manufacturing.

The MarketVectorTM US Listed Fabless Semiconductor Index is a thematic index designed to track the performance of US-listed firms that specialize in the semiconductor industry and operate as fabless semiconductor companies.

“Fabless semiconductor companies represent the forefront of technological innovation in the semiconductor industry,” said Steven Schoenfeld, CEO of MarketVector. “we are providing investors with targeted exposure to this innovative segment of the market, which is poised to benefit from increasing demand for advanced semiconductor solutions in areas such as AI and next-generation computing, by licensing our index to VanEck,” he continued.

“Advancements in generative AI and other fast-moving technologies have driven demand and transformation across the global semiconductor industry. Fabless chip companies can allocate more resources towards innovation by avoiding the high costs of owning manufacturing facilities, making them well-positioned to adapt quickly to new technologies and market dynamics,” said Nicholas Frasse, Associate Product Manager at VanEck. “For investors who are more focused on innovation and R&D than manufacturing, the VanEck Fabless Semiconductor ETF (SMHX) could be an important part of a diversified equity portfolio. We are excited to use the MarketVectorTM US Listed Fabless Semiconductor Index as the underlying index for SMHX to provide investors with this pure-play exposure,” he added.

MarketVector is recognized as a leader in semiconductor indexing, with over USD 25 billion in assets linked to its suite of semiconductor indexes globally. The firm's semiconductor indexes are used in financial products around the world, underscoring MarketVector’s commitment to providing innovative indexing solutions that meet the evolving needs of the global investment community.

For more information on the index, visit MarketVector’s index page. For more information about the ETF, visit VanEck’s index page.

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