Xetra
Riskitaso-
Morningstar rating-
Vastuullisuus (SFDR)-
D
Defiance Photonics UCITS ETF Accumulating
Osta-
Myy-
Spreadi %0,51%
Vaihto (EUR)-
Juoksevat kulut0,69%
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Tunnusluvut
Riskitaso
?
-
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,69%
- OmaisuusluokkaOsake
- KategoriaSektori teknologia osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Sub-Fund is to track the price and the performance, before fees and expenses, of an index that is designed to measure the performance of companies with material revenue exposure to the development, manufacturing and commercialisation of photonic technologies, including optical components, photonic semiconductors, optical networking systems, photonic foundry infrastructure, and photonic enabling materials.
Vastaavan tyyppisiä ETF:iä
Omistukset
Päivitetty 9.9.2026
Jakauma
- Osakkeet99,6%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
·12.8.**Arguments for buying EUVL (Defiance Photonics UCITS ETF):** **The Thesis — the physics:** - AI development is bottlenecked by data flow, not just compute: copper peaks out around 1.8 TB/s with a few meters range — optical interconnect is the only way forward - Nvidia has invested at least 6.5 bn. dollars in photonics since March, including 2 bn. each in Lumentum and Coherent — both are top holdings in the fund - The Feynman generation (2028) will be the first with co-packaged optics inside the NVLink switch — structural demand driver with a multi-year horizon **The Catalyst:** - FCC draft proposal for a ban on new models of Chinese optical transceivers could redistribute the market to Western manufacturers - Innolight is already down ~30% — the market is pricing in the risk in the Chinese names, while the Western alternatives remain as beneficiaries **The Fund's Construction — the core of the case:** - Owns the bottleneck, not the ban: zero exposure to mainland China, no 1260H names - Top 6 (Lumentum, Fabrinet, Ciena, Coherent, MACOM, AAOI) make up ~60% — concentrated exposure to exactly the right names - The Taiwan share (~10%: Ezconn, LuxNet, Foci, Browave) is the non-Chinese supply chain that benefits from the decoupling - Fabrinet is the "picks and shovels" producer that wins regardless of which transceiver supplier gains market share **Practical:** - UCITS structure registered for sale in Norway — purchasable for Norwegian private individuals (the American LAZR variant is unavailable for EEA retail) - Irish domicile, accumulating, physical replication - Early into the theme — the fund launched in July 2026, still under the radar with low AUM **The Counterarguments (for honesty's sake):** - The catalyst could die at the September summit — then the physics thesis stands alone - Very small fund (~2.7 mill. USD) with a wide spread - AAOI has production in Ningbo — operational China risk despite American headquarters
21.7.This ETF is very exciting. It is the first ever photonics ETF that has been approved for trade outside the US. I've been digging into silicon photonics recently, and the more I research it, the more convinced I become that it could be one of the most overlooked long-term themes in AI infrastructure. "As AI clusters scale from tens of thousands to potentially millions of GPUs, the bottleneck is no longer just compute—it's moving data between chips fast enough and efficiently enough. NVIDIA has repeatedly stated that optical interconnects are foundational for the next generation of AI factories, has launched its Spectrum-X Ethernet Photonics platform, and is deploying co-packaged optics specifically to enable million-GPU AI clusters while improving power efficiency and reducing networking bottlenecks. This isn't just NVIDIA talking. TSMC is actively developing silicon photonics manufacturing technologies alongside advanced packaging, while LightCounting—a leading optical networking research firm—has described **2026 as "the year of silicon photonics"**, highlighting accelerating adoption of co-packaged optics, photonic integrated circuits (PICs), and AI-driven optical networking. The broader industry is moving in the same direction. NVIDIA has announced a multiyear strategic partnership with Coherent, including a $2 billion investment to expand advanced optics manufacturing and R&D, explicitly describing optical interconnects as foundational to next-generation AI infrastructure. Meanwhile, GlobalFoundries has introduced its SCALE co-packaged optics platform, built on silicon photonics, specifically targeting modern AI data centers. To me, the investment thesis isn't that photonics replaces semiconductors—it's that optics becomes an increasingly essential layer **alongside** semiconductors. If compute demand keeps growing over the coming decades, moving data efficiently may become almost as important as performing the computations themselves. That's why I think a dedicated photonics allocation deserves serious consideration as a complement to an AI or semiconductor portfolio. As always, this is a high-risk thematic investment, not investment advice, and there's no guarantee adoption will unfold exactly as expected." -ChatGPT Sources: https://www.taiwannews.com.tw/news/6376388 https://www.lightcounting.com/research-note/june-2026-advances-in-pic-packaging-447 https://nvidianews.nvidia.com/news/nvidia-and-coherent-announce-strategic-partnership-to-develop-optics-technology-to-scale-next-generation-data-center-architecture https://gf.com/news-and-events/news/globalfoundries-accelerates-adoption-of-co-packaged-optics-for-advanced-ai-data-centers-with-scale-optical-module-solution/ https://www.lightcounting.com/newsletter/en/may-2025-silicon-photonics-linear-drive-pluggable-and-cpo-updated-november-2025-334
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
-
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,69%
- OmaisuusluokkaOsake
- KategoriaSektori teknologia osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Sub-Fund is to track the price and the performance, before fees and expenses, of an index that is designed to measure the performance of companies with material revenue exposure to the development, manufacturing and commercialisation of photonic technologies, including optical components, photonic semiconductors, optical networking systems, photonic foundry infrastructure, and photonic enabling materials.
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Omistukset
Päivitetty 9.9.2026
Jakauma
- Osakkeet99,6%
- Lyhyt korko0,4%
Asiakkaat katsoivat myös
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·12.8.**Arguments for buying EUVL (Defiance Photonics UCITS ETF):** **The Thesis — the physics:** - AI development is bottlenecked by data flow, not just compute: copper peaks out around 1.8 TB/s with a few meters range — optical interconnect is the only way forward - Nvidia has invested at least 6.5 bn. dollars in photonics since March, including 2 bn. each in Lumentum and Coherent — both are top holdings in the fund - The Feynman generation (2028) will be the first with co-packaged optics inside the NVLink switch — structural demand driver with a multi-year horizon **The Catalyst:** - FCC draft proposal for a ban on new models of Chinese optical transceivers could redistribute the market to Western manufacturers - Innolight is already down ~30% — the market is pricing in the risk in the Chinese names, while the Western alternatives remain as beneficiaries **The Fund's Construction — the core of the case:** - Owns the bottleneck, not the ban: zero exposure to mainland China, no 1260H names - Top 6 (Lumentum, Fabrinet, Ciena, Coherent, MACOM, AAOI) make up ~60% — concentrated exposure to exactly the right names - The Taiwan share (~10%: Ezconn, LuxNet, Foci, Browave) is the non-Chinese supply chain that benefits from the decoupling - Fabrinet is the "picks and shovels" producer that wins regardless of which transceiver supplier gains market share **Practical:** - UCITS structure registered for sale in Norway — purchasable for Norwegian private individuals (the American LAZR variant is unavailable for EEA retail) - Irish domicile, accumulating, physical replication - Early into the theme — the fund launched in July 2026, still under the radar with low AUM **The Counterarguments (for honesty's sake):** - The catalyst could die at the September summit — then the physics thesis stands alone - Very small fund (~2.7 mill. USD) with a wide spread - AAOI has production in Ningbo — operational China risk despite American headquarters
- 21.7.This ETF is very exciting. It is the first ever photonics ETF that has been approved for trade outside the US. I've been digging into silicon photonics recently, and the more I research it, the more convinced I become that it could be one of the most overlooked long-term themes in AI infrastructure. "As AI clusters scale from tens of thousands to potentially millions of GPUs, the bottleneck is no longer just compute—it's moving data between chips fast enough and efficiently enough. NVIDIA has repeatedly stated that optical interconnects are foundational for the next generation of AI factories, has launched its Spectrum-X Ethernet Photonics platform, and is deploying co-packaged optics specifically to enable million-GPU AI clusters while improving power efficiency and reducing networking bottlenecks. This isn't just NVIDIA talking. TSMC is actively developing silicon photonics manufacturing technologies alongside advanced packaging, while LightCounting—a leading optical networking research firm—has described **2026 as "the year of silicon photonics"**, highlighting accelerating adoption of co-packaged optics, photonic integrated circuits (PICs), and AI-driven optical networking. The broader industry is moving in the same direction. NVIDIA has announced a multiyear strategic partnership with Coherent, including a $2 billion investment to expand advanced optics manufacturing and R&D, explicitly describing optical interconnects as foundational to next-generation AI infrastructure. Meanwhile, GlobalFoundries has introduced its SCALE co-packaged optics platform, built on silicon photonics, specifically targeting modern AI data centers. To me, the investment thesis isn't that photonics replaces semiconductors—it's that optics becomes an increasingly essential layer **alongside** semiconductors. If compute demand keeps growing over the coming decades, moving data efficiently may become almost as important as performing the computations themselves. That's why I think a dedicated photonics allocation deserves serious consideration as a complement to an AI or semiconductor portfolio. As always, this is a high-risk thematic investment, not investment advice, and there's no guarantee adoption will unfold exactly as expected." -ChatGPT Sources: https://www.taiwannews.com.tw/news/6376388 https://www.lightcounting.com/research-note/june-2026-advances-in-pic-packaging-447 https://nvidianews.nvidia.com/news/nvidia-and-coherent-announce-strategic-partnership-to-develop-optics-technology-to-scale-next-generation-data-center-architecture https://gf.com/news-and-events/news/globalfoundries-accelerates-adoption-of-co-packaged-optics-for-advanced-ai-data-centers-with-scale-optical-module-solution/ https://www.lightcounting.com/newsletter/en/may-2025-silicon-photonics-linear-drive-pluggable-and-cpo-updated-november-2025-334
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
-
Huomioi, että vaikka osakerahastoihin säästäminen on pitkällä aikavälillä tuottanut hyvin, tulevasta tuotosta ei ole takeita. On olemassa riski, että et saa sijoittamiasi varoja takaisin.
Tunnusluvut
- Juoksevat kulut0,69%
- OmaisuusluokkaOsake
- KategoriaSektori teknologia osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Sub-Fund is to track the price and the performance, before fees and expenses, of an index that is designed to measure the performance of companies with material revenue exposure to the development, manufacturing and commercialisation of photonic technologies, including optical components, photonic semiconductors, optical networking systems, photonic foundry infrastructure, and photonic enabling materials.
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Foorumi
Liity keskusteluun Nordnet Socialissa
Kirjaudu
- ·12.8.**Arguments for buying EUVL (Defiance Photonics UCITS ETF):** **The Thesis — the physics:** - AI development is bottlenecked by data flow, not just compute: copper peaks out around 1.8 TB/s with a few meters range — optical interconnect is the only way forward - Nvidia has invested at least 6.5 bn. dollars in photonics since March, including 2 bn. each in Lumentum and Coherent — both are top holdings in the fund - The Feynman generation (2028) will be the first with co-packaged optics inside the NVLink switch — structural demand driver with a multi-year horizon **The Catalyst:** - FCC draft proposal for a ban on new models of Chinese optical transceivers could redistribute the market to Western manufacturers - Innolight is already down ~30% — the market is pricing in the risk in the Chinese names, while the Western alternatives remain as beneficiaries **The Fund's Construction — the core of the case:** - Owns the bottleneck, not the ban: zero exposure to mainland China, no 1260H names - Top 6 (Lumentum, Fabrinet, Ciena, Coherent, MACOM, AAOI) make up ~60% — concentrated exposure to exactly the right names - The Taiwan share (~10%: Ezconn, LuxNet, Foci, Browave) is the non-Chinese supply chain that benefits from the decoupling - Fabrinet is the "picks and shovels" producer that wins regardless of which transceiver supplier gains market share **Practical:** - UCITS structure registered for sale in Norway — purchasable for Norwegian private individuals (the American LAZR variant is unavailable for EEA retail) - Irish domicile, accumulating, physical replication - Early into the theme — the fund launched in July 2026, still under the radar with low AUM **The Counterarguments (for honesty's sake):** - The catalyst could die at the September summit — then the physics thesis stands alone - Very small fund (~2.7 mill. USD) with a wide spread - AAOI has production in Ningbo — operational China risk despite American headquarters
- 21.7.This ETF is very exciting. It is the first ever photonics ETF that has been approved for trade outside the US. I've been digging into silicon photonics recently, and the more I research it, the more convinced I become that it could be one of the most overlooked long-term themes in AI infrastructure. "As AI clusters scale from tens of thousands to potentially millions of GPUs, the bottleneck is no longer just compute—it's moving data between chips fast enough and efficiently enough. NVIDIA has repeatedly stated that optical interconnects are foundational for the next generation of AI factories, has launched its Spectrum-X Ethernet Photonics platform, and is deploying co-packaged optics specifically to enable million-GPU AI clusters while improving power efficiency and reducing networking bottlenecks. This isn't just NVIDIA talking. TSMC is actively developing silicon photonics manufacturing technologies alongside advanced packaging, while LightCounting—a leading optical networking research firm—has described **2026 as "the year of silicon photonics"**, highlighting accelerating adoption of co-packaged optics, photonic integrated circuits (PICs), and AI-driven optical networking. The broader industry is moving in the same direction. NVIDIA has announced a multiyear strategic partnership with Coherent, including a $2 billion investment to expand advanced optics manufacturing and R&D, explicitly describing optical interconnects as foundational to next-generation AI infrastructure. Meanwhile, GlobalFoundries has introduced its SCALE co-packaged optics platform, built on silicon photonics, specifically targeting modern AI data centers. To me, the investment thesis isn't that photonics replaces semiconductors—it's that optics becomes an increasingly essential layer **alongside** semiconductors. If compute demand keeps growing over the coming decades, moving data efficiently may become almost as important as performing the computations themselves. That's why I think a dedicated photonics allocation deserves serious consideration as a complement to an AI or semiconductor portfolio. As always, this is a high-risk thematic investment, not investment advice, and there's no guarantee adoption will unfold exactly as expected." -ChatGPT Sources: https://www.taiwannews.com.tw/news/6376388 https://www.lightcounting.com/research-note/june-2026-advances-in-pic-packaging-447 https://nvidianews.nvidia.com/news/nvidia-and-coherent-announce-strategic-partnership-to-develop-optics-technology-to-scale-next-generation-data-center-architecture https://gf.com/news-and-events/news/globalfoundries-accelerates-adoption-of-co-packaged-optics-for-advanced-ai-data-centers-with-scale-optical-module-solution/ https://www.lightcounting.com/newsletter/en/may-2025-silicon-photonics-linear-drive-pluggable-and-cpo-updated-november-2025-334
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Nordnet Socialin käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
-
Myynti
Määrä
-
Omistukset
Päivitetty 9.9.2026
Jakauma
- Osakkeet99,6%
- Lyhyt korko0,4%