Key insights
- An investor is seeking an AI, Energy, and Infrastructure ETF with minimal semiconductor exposure due to existing holdings in individual stocks and broader market ETFs. The current option, AIPO, contains unwanted semiconductor exposure. This highlights a potential niche demand for specialized ETFs, but the limited scope suggests a minor bearish influence as investors may reduce positions in existing ETFs to avoid overexposure.
The closest match I could find is AIPO - it has exactly the names I want GEV CEG VRT VST ETN BE TLN CCJ. But despite the focus being energy, grid and data center operations, it does sneak in AI hardware. I don't hold any of those individually so the ETF is great and more concentrated exposure compared to the broad indices.
But it also has ~10% AVGO/NVDA/AMD which I already have too much exposure by holding individually, through SMH and through QQQM and VOO. Then to lesser weights it overlaps further with MRVL ARM amongst others.
I'll probably still take some bites if I can't find something better, but ideally searching for either no semi or less weight in semi.