The $996.7 million SMH follows the MVIS US Listed Semiconductor 25 Index and holds 25 semiconductor stocks. Intel Corp. (NASDAQ: INTC) and Taiwan Semiconductor Ltd. (NYSE: TSM) combine for nearly 24% of the fund’s weight.
Recent flows data indicate investors are returning to SMH.
“Against the backdrop of this sudden rebound in SMH, the fund garnered five consecutive days of inflows with year-to-date net inflows totaling $410.89 million — already effectively replacing the bulk of the net $446.57 million in value that flowed out from the time of the March peak through year-end 2018,” according to Schaeffer’s.
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