VanEck has launched Europe’s first quantum computing ETF targeting companies involved in the development or application of the technology. The VanEck Quantum Computing UCITS ETF (QNTM) is listed on Deutsche Borse and the London Stock Exchange with a total expense ratio (TER) of 0.55%.

QNTM Tilts to Pure Plays

Physically replicating, QNTM tracks the MarketVector Global Quantum Leaders index, capturing 30 companies that are either “pure plays,” generating the majority of their sales with quantum computing technologies or services, or companies heavily investing in quantum research.

Pure play companies include IonQ, Inc. (IONQ) , Rigetti Computing, Inc. (RGTI) and D-Wave Quantum Inc. (QBTS) , while the index also includes larger companies like International Business Machines Corp. (IBM) , Alphabet Inc. (GOOGL) and Honeywell International Inc. (HON) that are investing in quantum research.

The selection is based on revenue exposure or the number of relevant patents held.

To increase QNTM’s theme purity, pure-play stocks are given higher weightings.

What is a Quantum Computer?

A quantum computer is a new type of computer that can solve certain problems particularly quickly because, unlike conventional computers, it can calculate many different paths simultaneously.

Martijn Rozemuller, CEO of VanEck Europe said, “We are currently experiencing the start of the quantum computer era. The theoretical foundations of quantum computers have been known since the late 20th century."

“But it is only in recent years that the idea has become a global wave of innovation—technology giants and governments are investing billions and over 10,000 relevant patents have been granted worldwide in the last five years alone. This is impressive proof that the quantum age has long since begun,” he added.

VanEck previously gained first-mover advantage by launching Europe’s first defense ETF in 2023, which has amassed $5.2 billion to date.

This article was originally published at etf.com sister publication ETF Stream.

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