The underlying index, the BlueStar Augmented and Virtual Reality Index (BAUGR), is global in nature and includes approximately 60 stocks across various market capitalizations in different countries,  including the United States, France, Japan and Korea. The index is equal weighted, which gives investors more targeted exposure, such as smaller companies that exhibit higher growth potential.

AUGR is the first ETF from Defiance ETFs, which specializes in portfolios that highlight disruptive technologies. Bielski, who previously served as Senior Vice President at Direxion ETFs, has deep experience in the areas of ETFs and asset allocation.

“We founded Defiance ETFs with the vision that more investors should be able to tap into the growth stories of the truly disruptive technologies that we believe will permanently change our lives,” continued Bielski. “Our ETFs go beyond the trend-of-the-month, and provide targeted exposures that act as important complements to existing core tech allocations. We’re thrilled to be bringing our first ETF to market and we’re equally excited to be providing investors with access to AR/VR growth.”

Related: Google Cloud IoT for Oil & Gas Sector

For more ETF launches, visit the New ETFs category

To get more insight on disruptive ETFs, sign up for the Disruptive ETF Virtual Summit set to take place this fall.

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