ETF issuer Defiance has launched the Defiance Memory Ucits ETF, a fund focused on companies involved in the development, manufacturing and commercialisation of memory semiconductors and data storage systems.
The ETF, launched through HANetf’s platform, is listed on Xetra and Borsa Italiana, with a London Stock Exchange listing expected to follow. The fund carries a total expense ratio of 0.69%.
The launch comes as demand for memory chips continues to rise, driven by the rapid expansion of AI, cloud computing and data centres, according to the provider.
According to Gartner, global demand for memory is expected to outstrip supply in 2026, with prices for Dynamic Random Access Memory and solid-state drives potentially rising as a result.
Defiance said the ETF AIMS to give European investors targeted exposure to a segment of the semiconductor market that has so far been largely accessible through US-listed products.
The fund will invest mainly in companies operating across the memory semiconductor and data storage value chain. These businesses are expected to benefit from demand for computing power and data storage as AI adoption grows across industries.
Sylvia Jablonski, CIO of Defiance ETFs, commented: “Memory is the foundational layer of the AI economy. Every model training run, inference workload, and hyperscale data centre expansion depends on DRAM, HBM, and advanced storage. DRAM gives European investors a direct, rules-based way to access this segment of the AI value chain, complementing the power infrastructure exposure already available through AIPO.”
Hector McNeil, co-founder and co-CEO of HANetf, commented: “We are delighted to be partnering with Defiance to launch Defiance Memory UCITS ETF. The ETF captures a sector that has seen significant growth recently, driven predominantly by the rise of AI and its infrastructure. This ETF particularly complements Defiance’s AIPO ETF, which provides access to the power infrastructure behind the AI buildout.”
