The exchange-traded funds (ETFs) track the MarketVector Global Foundries Index, focusing on a segment of the semiconductor industry that underpins production of artificial intelligence (AI), networking and power-management chips.
Defiance ETFs has launched the Defiance Global Foundries ETF (Nasdaq: AIFR), which it describes as the first US-listed exchange-traded fund focused exclusively on semiconductor foundries. AIFR seeks to track the performance, before fees and expenses, of the MarketVector Global Foundries Index The fund provides exposure to companies involved in semiconductor manufacturing, a critical part of the artificial intelligence supply chain. AIFR seeks to track the performance, before fees and expens