ETFs & Mutual Funds
Little-Known Quantum ETF Rakes In Cash After Computing Breakthrough
- QTUM ETF on pace for best month of inflows with $250 million
- Wouldn’t be surprised to see more quantum ETF filings soon: BI
QTUM, which was designed to track stocks of companies tied to quantum computing, has seen roughly $250 million of inflows so far in December.
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For most of its six-year life, the Defiance Quantum ETF behaved just like any other high-tech long shot: Unexceptional returns and meager investor interest kept it stuck among the investing also-rans that dot the exchange-traded fund landscape.
All that changed in the span of a nanosecond after Google-parent Alphabet Inc. announced a big breakthrough in quantum computing earlier this month. Now, flows for the fund, which trades under the ticker QTUM, are surging like never before.